Why Is HMRC Taking Your Child Benefit? (HICBC Explained)
You earn £55k. Two kids. You claim child benefit. Then HMRC sends you a tax bill for £900.
That's the High Income Child Benefit Charge (HICBC). And most parents don't know it exists until they get the letter.
In this video, I break down:
🔹 What HICBC actually is (no jargon)
🔹 How the £50k-£60k trap works (1% lost per £100)
🔹 Real example: Sarah earns £55k, loses £900
🔹 Who's affected (highest earner in household – NOT combined income)
🔹 The pension loophole that saves your child benefit legally
🔹 Other ways to reduce your income (Gift Aid, salary sacrifice)
🔹 Why you should register for child benefit even if you earn £60k+
🔹 How to claim refunds for previous years (up to 4 years back)
If you or your partner earn between £50k and £60k, this video could save you £1,800+ a year.
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