Get all your news in one place.
100's of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
Business
Emma Munbodh

How to avoid losing wages with child benefit loophole – but you need to act now

Parents who fall into the child benefit high income trap could avoid having to repay their support each year thanks to a clever loophole.

Under the current system, families can earn up to £1,855 a year through child support – money available to help with the rising costs of being a parent.

For the 2021-2022 tax year, you can claim £21.15 per week for your first child and £14 for any further children.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.