Budget 2024: Child benefit to be paid to more families

The chancellor has announced that the high income child benefit charge will be overhauled, meaning thousands more families will be able to keep their child benefit. We explain what’s happening.

Mum and child with rabbit
(Image credit: Getty Images)

Chancellor Jeremy Hunt used the final minutes of his Budget speech to pull a cute, cuddly rabbit out of his hat: the much-hated high income child benefit charge will be overhauled, and more families will be able to keep their child benefit payments.

Hunt called the tax charge “confusing and unfair”, and said it was finally time to change it.

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Annual child benefit from April 2024 depending on salary
SalaryChild benefit for one childChild benefit for two childrenChild benefit for three children
£60,000£1,331.20 £2,212.60 £3,094.00
£65,000£998.40£1,659.45£2,320.50
£70,000£665.60£1,106.30£1,547.00
£75,000£332.80£553.15 £773.50
£80,000£0.00£0.00£0.00
Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.