HMRC Updates
Income Tax: Personal allowance frozen at £12,570 CGT: Annual exempt amount is £3,000 NICs: Main Class 1 Employee NI rate reduced VAT: MTD system requirements fully enforced SDLT: First-time buyer relief threshold £425,000 Corporation Tax: Main rate 25% for profits over £250k IHT: Nil-rate band frozen at £325,000 Pension: Annual allowance set at £60,000
Estimated calculation • • uktaxhero.com
🇬🇧 UKTH Tax Suite 2027  ·  HMRC-Compliant  ·  Trusted by 50,000+ UK taxpayersNeed expert help? →
⚠️
Important: Illustrative estimates based on HMRC published rates. Actual liabilities vary. Find a Tax Expert →
👤 Find Expert

📅 Tax Year

👤 Child Benefit Details

£

Use adjusted net income (total income less Gift Aid and pension contributions).

£
£

How This Calculator Works

👤 HICBC Calculation

Calculates the High Income Child Benefit Charge where household income exceeds £60,000.

📅 Year-by-Year

Thresholds changed to £60,000–£80,000 in 2024/25. Calculator applies correct rules per year.

📊 Clawback Rate

Shows exactly what percentage of your benefit is clawed back through Self Assessment.

Need More Than a Calculator?

UK Tax Hero connects you with qualified tax specialists for filing, HMRC investigations, tax planning and more.

📋 Self Assessment🔍 HMRC Investigations🏢 Property & CGT💼 Contractor / IR35📢 Tax Disputes🌎 Expat Tax📚 IHT Planning📈 Business Tax
Find Your Tax Expert →

Frequently Asked Questions

What is the High Income Child Benefit Charge?

If either parent earns over £60,000 (2024/25+), a tax charge claws back Child Benefit at 1% for every £200 above £60,000. At £80,000 or more, 100% is clawed back.

Should I opt out of Child Benefit if I earn over £80,000?

If your adjusted net income exceeds £80,000, you can opt out of receiving Child Benefit to avoid the HICBC admin. However, always claim even if you opt out, as it protects your National Insurance record and pension entitlement.