The Chancellor revealed the High Income Child Benefit Charge (HICBC) threshold will rise.
Instead of kicking in at £50,000, from April 2024 it will move up to £60,000.

And a consultation is set to get underway on moving the charge to a household-based system in time to start by April 2026.

The Government said there was an unfairness in the current system – the fact it’s charged on an individual basis. The example it gave was
two parents earning £49,000 each (with a household income of £98,000) wouldn’t reach the threshold, but a single parent earning over £50,000 would.