Child Benefit Rates

In a boost to family budgets, the amounts parents and carers will receive for their first child is increasing to £25.60 per week and £16.95 for each additional child. There is no limit on the number of children parents and carers can claim for. Child Benefit is worth £ £1,331.20 a year for the eldest, or only child and £881.40 a year for each additional child. It’s paid into bank accounts every four weeks (or weekly in certain circumstances). HMRC have also made claiming Child Benefit much easier than before. Parents no longer need a paper form to claim and can do it quickly and conveniently via the HMRC app or online. Claims are backdated for up to 3 months. To find out more about the HMRC app follow the link to gov.uk Download the HMRC app - GOV.UK (www.gov.uk)

 High Income Child Benefit Charge

From 6 April, the threshold at which people start paying the High Income Child Benefit Charge (HICBC) will increase to £60,000. For parents and carers who have not yet claimed Child Benefit or who opted out and earn between £60,000 and £80,000 it can be worth their while financially to claim

For more information follow the link to gov.uk Changes to the High Income Child Benefit Charge​ - GOV.UK (www.gov.uk).

If you would like more information or advice on any of these changes, please contact the TMoney Advice Unit on 01983 823898 ext. 2825 or email [email protected]