Changes to the High Income Child Benefit Charge (HICBC) came into effect on 6 April 2024. The income threshold at which HICBC starts to be charged increased to £60,000 (from £50,000). The charge is calculated at 1% of the full Child Benefit award for every £200 (2023-24: £100) of income between £60,000 and £80,000. (2023-24: […]
Monthly Archives: September 2024
HMRC’s Personal Tax Accounts (PTAs) serve as an online tool that enables taxpayers to view and update their information in real time. The PTA can be used for many routine requests and services and help you bypass the need to call or write to HMRC. Every individual in the UK that pays tax has a […]
Pension Credit is a benefit you can claim in the UK aimed at providing extra income to pensioners who are on a low income. You may have heard that the new Chancellor will only pay the winter fuel allowance to pensioners who are receiving Pension Credits. In which case make sure you claim, if eligible, […]
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