This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Politics

Cameron considers re-think over child benefit cut

  • Print
  • Comment

cameron.jpg

Prime Minister David Cameron is considering a re-think of proposals to scrap child benefit for higher earners due to concerns over “unfairness”.

Under the current Coalition plans, child benefit will be cut from any household which has someone earning above the higher-rate tax threshold of £42,745.

The plan has been criticised because a family with two people earning just below the high-rate threshold will keep the benefit, while poorer families where one parent is caring for children will lose out.

In an interview with the House magazine, an in-house publication for MPs, Cameron (pictured) says: “Some people say that’s the unfairness of it, that you lose the child benefit if you have a higher-rate taxpayer in the family,” he said. “Two people below the level keep the benefit. So, there’s a threshold, a cliff-edge issue.

“We always said we would look at the way it’s implemented and that remains the case, but I don’t want to impinge on the Chancellor’s Budget.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments