Child Benefit and Tax-free Childcare

For many families, receiving Child Benefit payments has been ruled out by the High Income Child Benefit Charge (HICBC). If that’s been your experience, Spring Budget 2024 might have tipped the balance in your favour.

This Briefing discusses the new HICBC rules, and also looks at the government’s Tax-free Childcare (TFC) scheme. With take-up of TFC less than expected, we outline eligibility conditions and suggest how high earners can retain entitlement.

Download our free Child Benefit and Tax-free Childcare: your choices now report