http://www.bbc.co.uk/news/uk-politics-11464300
Quote:
Child benefit is to be axed for higher rate taxpayers from 2013, Chancellor George Osborne has announced.
Parents earning over about £44,000 who pay 40% tax and above will be affected.
He confirmed the cut would hit homes with a single or two high earners. But families with two parents on modest incomes - which might add up to over £44,000 - will keep the benefit.
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For the lazy: Households where there is a parent who earns over about £44,000 and is in the 40% tax bracket or higher will no longer receive child benefit from 2013. It will not affect homes where no-one pays the 40% regardless of combined income.