Child Benefit may be deemed a “waste of time” by many families with salaries of £50,000 or more due to a “high income” tax associated with it but experts are warning that failing to claim this support could impact how much people get from the state pension. Since 2012, the take-up rate of eligible children for whom Child Benefit is claimed has reduced from a high of 97 per cent in 2012 to its lowest level in 2022 of 89 per cent, according to Government statistics. Experts have blamed the introduction of the High Income Child Benefit Charge in January 2013, claiming it disincentivises parents o…
