The child benefit tax charge: the advice essentials

The child benefit tax charge, introduced on 7 January, affects over one million families. A family with 2 children could see their annual spendable income drop by up to £1,752 pa in 2013/14; those with 3 children could lose £2,449 pa. At a time when prices are rising faster than incomes, it will be critical for many families to know how they’ll be affected, and what options they may have to improve their situation.

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