Martin Lewis explains what Budget child benefit changes mean for families

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.”