Category Archives: Benefits

Child benefit may create a tax charge for those with high income

Child benefit

Parents and carers need to be aware that if either of the couple have ‘adjusted net income’ in excess of £50,000 then the one with the higher income will potentially be charged to tax on some or all of the child benefit and will need to request a self-assessment tax return to report the amount…

Increase in working Tax Credits

The government has announced that Working Tax Credits payments will be increased from 6 April 2020. As part of a number of measures to support the country during the COVID-19 pandemic, the basic element of Working Tax Credit has been increased by £1,045 to £3,040 from 6 April 2020 until 5 April 2021. The amount…

Debt management collection suspended by the Department of Work and Pensions (DWP) for benefit debt

DWP have issued a statement on their debt management telephone line, advising the suspension of debt management collection for overpayments of benefits, tax credits and social funds for a temporary period. They will not be issuing new collection notices or collecting any debt during this time. DWP are writing to employers to ask them to temporarily…