What GPs need to know about the Spring Budget 2024

7th March 2024 by NASGP

What GPs need to know about the Spring Budget 2024

This is the biggest change that will affect sessional GPs with children. Currently where income exceeds £50k for the highest earner of a couple, child benefit will be withdrawn partially until £60k of income where it will be repaid in full.

The limits are to be increased to £60k and £80k respectively so that a family with two children and a higher earner of £60k will be £2,213 better off.

The rules will change again in a few years so that it is household income that is looked at, rather than the higher earner which will remove the penalty for a stay-at-home partner where the other earns more than the single limit.

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