Child benefit

Child Benefit is receivable by a person responsible for each child until they reach 16, or 19 if they stay in 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.

Rate per week (2019/20 and 2018/19)

Eldest / only child: £20.70

Other children: £13.70

Why you should choose us...

As well as general accountancy and tax skills, our practice has a wealth of individual specialists enabling us to provide clients with a first class service as and when required.

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MVL Business Services is a trading name of Xynamo 5 Ltd, trading as x5, Chartered Accountants
Xynamo 5 Ltd is registered in England and Wales Registered Company Number: 11241219 Registered Office Address: 2 Upperton Gardens, Eastbourne, East Sussex, BN21 2AH
Xynamo 5 Ltd are registered to carry out audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.