Child benefit is changing from 7th January 2013. Households where at least one person earns more than £50,000 will have the benefit effectively reduced or stopped. Pension contributions can help reduce the loss of child benefit.
The UK tax office is to send letters to one million households this week warning parents they may lose child benefit payments.
Child benefit will be withdrawn through a new income tax charge which will come into effect on 7 January 2013.