High Income Child Benefit Charge – an update
The High-Income Child Benefit Charge (HICBC) came into force on 7th January 2013. The charge applies where an individual or their partner has an adjusted net income exceeding £60,000 per year.
The High-Income Child Benefit Charge (HICBC) came into force on 7th January 2013. The charge applies where an individual or their partner has an adjusted net income exceeding £60,000 per year.
The Personal Finance Society (PFS) has published today (20 January 2025) a new Good Practice Guide for advisers about economic abuse and life insurance.
Before we get into the detail on this one, we should remember that not all estates will pay inheritance tax, the estimates from the Government suggest that an additional 8% of estates will pay inheritance tax because of this change, but that won’t take account of behavioural changes because of this.
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