‘We’ll be £1,500 a year better off’: parent reacts to child benefit tax changes in budget

The tax penalty tax affecting many higher-earning parents has led to some paying a marginal tax rate of 64%. Photograph: MBI/Alamy

The chancellor’s budget on Wednesday brought changes to the high-income child benefit charge and details of a new British Isa for savers. We spoke to a parent who is now paying the charge and an investor to get their reactions to the announcements.

‘The only annoying thing is that I will have to wait’