Autumn Budget 2024: chancellor scraps high income child benefit reforms

Plans to move child benefit eligibility to a household income system have been shelved

dad and son with piggy bank
(Image credit: Getty Images/Miljan Živković)

The government has scrapped plans to assess child benefit eligibility based on household income.

One of the final acts of the Tory government was to announce an overhaul of the controversial high income child benefit (HICB) charge.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.