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Martin Lewis has defined what Jeremy Hunt’s Budget child benefit changes mean for households.
Wednesday’s (6 March) announcement revealed that round 170,000 households might be taken out of paying a tax cost.
Speaking to LBC, the MoneySavingExpert founder mentioned: “Currently the cut-off is a single earner of £50,000… from the sixth of April, you’ll start to lose child benefit at £60,000.
“Currently, you lose it altogether at 60 grand, from the sixth of April you will lose it altogether from £80,000. So people earning under 80 grand will still get some form of child benefit.”
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