The Government is reducing costs by decreasing or eliminating the Child Benefit allowance for ‘high earning’ parents. High earning translates to households where at least one person earns in excess of £50,000. On the whole this process has caused a lot of confusion.
The changes in Child Benefit entitlements, the introduction of self-assessment forms and the rigmarole surrounding allowance eligibility has baffled many parents in recent weeks. So, where do you stand regarding the recent Child Benefit cuts?