Child benefit: Why the changes could mean you pay tax at 65%

Child benefit: Why the changes could mean you pay tax at 65%Child benefit is means tested from today, with households, where one person earns above £60,000, losing the benefit completely and a partial withdrawal where there is one earner with income of between £50,000 and £60,000. HMRC has predicted that over one million families will be affected with around 700,000 losing their child benefit completely. The average cost to a family is expected to be around £1,300 per year; ...