Glossary · UK
What is HICBC?
High Income Child Benefit Charge — a tax claw-back on Child Benefit for higher earners.
Full Definition
HICBC (High Income Child Benefit Charge) is a tax claw-back applied when an individual's "adjusted net income" exceeds £60,000. From £60,000 the Child Benefit received is taxed back at 1% for every £200 of income above £60,000, fully clawed back at £80,000 (thresholds raised in April 2024 — previously £50,000-£60,000). HICBC is collected through Self Assessment. You can still receive Child Benefit and pay the charge, OR opt out — both options keep NI credits for the parent.
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Disclaimer: Definitions are for guidance only. For decisions about your tax, savings, property or pension situation, always consult a qualified professional or refer to gov.uk.