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Once you reach earnings of £60,000 the tax charge is equal to the entire child benefit payment.
Child benefit payment would then be "conditional upon proven enrolment of their child in quality pre-school education".
The focus on welfare and benefit reform is likely to include cuts in tax credits for wealthier families and could see the end of child benefit payment to higher earners.
If you saved half of the £20.30 weekly child benefit payment, you would be able to invest around £40 per month – at 5% per annum this would generate a pot of around £14,000 after 18 years.
LONDON — Every week without fail Lucy Elkin, a comfortably middle-class mother of two small children, receives a £33.20 child benefit payment, or about $52, from the debt-plagued British government.
A block of Eastern European countries are attempting to water down plans to restrict child benefit payment to EU migrants and are also looking to restrict Mr Cameron's "emergency brake" on new welfare payments to foreign nationals.
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The conditionality of child benefit payments on education has had some success in other countries, however.
She would not, for instance, be allowed to collect her child benefit payments or take the bus.
The prime minister wants to restrict child benefit payments to children whose parents are working in the UK and sending child benefit back home.
Cameron had wanted an end to child benefit payments the children of EU migrants who are still living in their home country.
He also said he wanted to stop child benefit payments to migrants' children abroad and deport foreign workers who had gone six months without finding a job.
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