Avoid child benefit clawback

Avoid child benefit clawback

Couples who receive child benefit are in danger of having some of that benefit clawed back as a tax charge if the higher earner has annual income of over £50,000. When the higher earner has income exceeding £60,000 all of the family’s child benefit is clawed...
Tax credit renewals

Tax credit renewals

All tax credit claimants should have received their renewal pack by 4 June 2021. If you have not received your renewal pack you should contact HMRC on 0345 300 3900. You can renew your claim online at www.gov.uk/renewing-your-tax-credits-claim. If you need any...
Furlough scheme extended

Furlough scheme extended

The Chancellor has extended the furlough scheme until 30 September 2021, with no employer contributions required until 30 June 2021.

Frozen tax bands and allowances

Frozen tax bands and allowances

Income tax and national insurance contribution rates have been frozen for 2021-22 and are likely to remain frozen until the end of this Parliament in 2024.