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Working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child who is under 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £60,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
Where 'adjusted net income' is more than £80,000 a year, the tax charge equals the Child Benefit received.
Bank TSB has warned the public to be wary of so-called 'spoofing' scams during 'scam season'.
With 2026 just around the corner, you may wish to consider creating some financial New Year's resolutions.
HMRC has urged taxpayers to file their self assessment tax returns early.