The Government is committed to managing the public finances in a disciplined and responsible way.
Most families are unaffected. In 2020-21, (the latest year that data is available), the HICBC raised over £400m in revenue. 99.7% of those who declared a liability for HICBC paid income tax at the higher rate or above, and 88% of Child Benefit claimants were unaffected by the HICBC.
The Government therefore considers that keeping the HICBC in place remains appropriate, but keeps all tax policies under review.