Some parents in the United Kingdom who have received financial support as part of the Child Benefit scheme might now think that the time is right to bring this to an end, so how do you cancel your benefit payments?
Particularly for higher earners – those with an individual income of £50,000 or more – you could be hit with the High Income Child Benefit Charge, which may make the benefits of the Child Benefit payments not worthwhile.
How to stop Child Benefit
There are some simple steps that you will need to follow in order to stop your Child Benefit payments.
First, you will need to fill in an online form on the gov.uk website. Alternatively, you can contact the Child Benefit office either by phone (0300 200 3100) or post, which is the address below:
HM Revenue and Customs – Child Benefit Office
PO Box 1
Newcastle Upon Tyne
In order to fill in the online form you will need to have a Government Gateway user ID and password. Do not worry if you do not have one, though, as it is easy to create a user ID and you can do this before filling in the form.
It is worth noting that you will be unable to stop your Child Benefit if you are currently using it to pay back an overpayment, however. This also applies to any other benefits that are being paid back from another country.
What happens after Child Benefit stops?
Any tax charge owed for each tax year up to the date that your Child Benefit stops will have to be paid, and even once your payments have come to an end, you will need to report any changes in your personal life that could have an impact on your entitlement to Child Benefit.