Martin Lewis has explained what Jeremy Hunt’s Budget child benefit changes mean for families.
Wednesday’s (6 March) announcement revealed that around 170,000 families will be taken out of paying a tax charge.
Speaking to LBC, the MoneySavingExpert founder said: “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.”
