RESOURCES / HIGH INCOME CHILD BENEFIT CHARGE (HICBC)
High Income Child Benefit Charge (HICBC)
1% of child benefit for each £100 of net income between £50,000 and £60,000.
Remittance basis charge
2022/23
2021/22
For non-UK domiciled individuals who have been UK resident in at least
7 of the preceding 9 tax years
£30,000
£30,000
12 of the preceding 14 tax years
£60,000
£60,000
15 of the preceding 20 tax years
Deemed domiciled
Deemed domiciled
Rate bands
2022/23
2021/22
Lifetime allowance (LA)
£1.0731m
£1.0731m
Annual allowance (AA)*
£40,000
£40,000
Charge if excess drawn as
Cash 55%/income 25%
AA charge on excess inputs
20%-45%
Annual relievable pension inputs are the higher of earnings (capped at AA) or £3,600.
*From 2020/21 onwards the AA is reduced by £1 for every £2 by which relevant income exceeds £240,000, down to a minimum AA of £4,000.
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