Child benefit tax trap will hit 35,000 more families and they’ll lose £1,355 a year payments – how to avoid it

THOUSANDS more hard-working families are about to be slapped with a stealth tax bill that could wipe out their child benefit payments entirely. Fresh data reveals a “fiscal drag” nightmare is set to pull another 35,000 households into the high income child benefit charge (HICBC) trap over the next three years. Because income tax thresholds…