Advice on child benefit tax changes

From January 7, those entitled to Child Benefit, where they or their partner have annual income exceeding £50,000, will have some of this clawed back through the tax system.
And where either income exceeds £60,000 the entire amount of benefit will be lost through extra tax .
To prevent this happening, you can 'opt' not to receive the benefit in the first place, but opt back in, within two years of the end of the tax year if you change your mind.
Please contact us if you want more details.
Clay Shaw Butler
Chartered Accountants
01267 228500
www.clayshawbutler.com