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Weekly amounts of child / working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child who is under 16, or under 20 if they stay in approved education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £50,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
Where 'adjusted net income' is more than £60,000 a year, the tax charge equals the Child Benefit received.
07 Nov 2022
Chancellor of the Exchequer Jeremy Hunt has delayed the announcement of the government's economic plan until 17 November.
The UK's new Prime Minister Rishi Sunak must restore confidence in the country's economy, say business groups.