Child benefit cuts take effect

The coalition Government came under a sustained attack today for a raft of welfare reforms that critics claim are punishing the poor and hitting women hardest.

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Child benefit changes: Who is affected?

An HMRC guide explains who is affected by child benefit changes. Credit: HMRC

If your income is under £50,000 per year, you will be unaffected by changes to child benefits.

If you earn between £50,000 and £60,000 per year, you will lose some of your child benefit payments from January 7th.

If you earn over £60,000 per year, you will lose all your child benefit payment.

Those earners can choose to either stop the child benefit payment or to be charged the equivalent of the payment in extra tax.

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