End Higher Child Benefit Tax Charge
End Higher Income Child Benefit Charge
Penalises single parents and single income families
Exacerbated by frozen £50,000 threshold
END Tax oF high income child benefit charge
- End High Income Child Benefit Charge.
- Unfair as couples can have £100,000 and not be affected, as long as neither of them has an income of over £50,000.
- If you have a single income between £50,000and £60,000 the income tax charge is
1 per cent of your
Child Benefit
for every £100. - The charity @Gingerbread says this tax is unfair.
Background
"Even the Chancellor had to agree with me, when I put it to him, that the High Income Child Benefit Charge is an unfairness in the tax system."
"It penalises single parent and single income families unfairly. It was by far the biggest single topic the public wanted me to put to politicians."
"The problem is exacerbated by the frozen £50,000 threshold which fiscally-drags more single parent families into this situation each year. It staggers me no party has latched onto the popularity they’ll get from pledging to ends this structurally unfair anomaly.”
EXAMPLES OF HOW PEOPLE LOSE - from Twitter
- My company car benefit in kind (BIK) put me over the threshold, I wasn’t even earning that amount but still had to pay back thousands! My wife earned nothing so I was the only income, the rules are always weighted against families
- There’s been no increase in the threshold since introduction in 2013!
- was on £52k and i had friends where both parents earned £45 a year. So way more combined going into their household but I was the one getting penalised.
- You also lose the Marriage Allowance when you hit the higher rate threshold. Another £252 loss, impacting families in which one parent has had to give up a career to care for a disabled child.
