Child Benefit tax rules will change next week with half a million families set to save £1,700

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Child Benefit tax rules will change next week with half a million families set to save £1,700

Child Benefit tax rules will change from next week, for the first time in more than a decade.The threshold at which point people have to repay some Child Benefit in tax currently kicks in at £50,000, but this will rise to £60,000 from April 6.It should take 170,000 families out of paying the charge altogether, the Government said.The threshold had not increased since the High Income Child Benefit tax Charge (HICBC) was introduced in 2013, meanin…