The High Income Child Benefit Charge is draining your retirement—here’s the ruthless hack to keep the cash and retire wealthier than ever.
Also, I didn’t invent the Byzantine tax and welfare system. If I had it wouldn’t look like this. (Personal finance bloggers would get special tax reliefs. Nobody thinks of our struggles!)
Should you claim Child Benefit even if you’ll repay it via the charge?
Yes. There are associated National Insurance credits that mean it’s best to claim Child Benefit, even if you ultimately repay it or opt-out of actually receiving it.
Don’t try to illicitly avoid the High Income Child Benefit Charge
You’ll often come across people earning over the £60,000 threshold who’ll tell you they don’t pay the HICBC.
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