The High Income Child Benefit Charge is draining your retirement—here’s the ruthless hack to keep the cash and retire wealthier than ever.
After years of frozen tax brackets and all the dividend and capital gain allowance cuts since 2012, I can’t believe many Monevator readers still have unsheltered assets that they could yet shield within an ISA.
But for the record, reducing your ‘net adjusted income’ if you claim Child Benefit is another reason to ISA-fy all you can.
Losing Child Benefit is like paying a higher marginal tax rate
Clawing back Child Benefit via the HICBC is effectively a higher marginal income tax rate on earnings between £60,000 and £80,000.
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