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Weekly amounts of child / working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child until they reach 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has
'adjusted net income' above £50,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
'adjusted net income' is more than £60,000 a year, the tax charge equals the Child Benefit received.
Eldest / only child: £20.70
Other children: £13.70
The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018.
06 Nov 2018
At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.
A number of changes to capital allowances were announced at the Budget.
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