If the income of you or your partner exceeds £50,000 then High-Income Child Benefit Charge (HICBC) applies.
However, during the Coronavirus pandemic, many people suffered a reduction in income and this therefore may need review.
The furlough scheme caps the grant at £2,500 a month, so where income has not been topped up by the employer, individuals who were previously within the scope of the HICBC may not be for 2020/21.
Similarly, self-employed taxpayers who couldn’t work during the pandemic and didn’t qualify for the Self-Employment Income Support Scheme grant because their annual average profits exceed £50,000 may also be outside the HICBC for 2020/21.
If you have previously stopped child benefit because you fell into the HICBC we advise you review your annual income for 2020/21 and if it is under £50,000 then you could restart child benefit.
This can be done online or by contacting the Child Benefit Office.
This article is for general information only and does not constitute advice. Please do not take or refrain from action based on its contents. Information is based on our understanding of legislation at the date of publish and may change in future.