HM Revenue and Customs (HMRC) has confirmed that millions of parents will benefit from increased Child Benefit payments from later this week - worth an extra £83.20 a year for families with one child. Child Benefit claimed for additional children is also increasing, going up by £54.60 per year, with no limit on the number of children that can be claimed for. All of these changes will come into effect from April 6. This means that families will receive an annual payment of up to £1331 for their first child, and up to £881 for every child after that. Increases in payments are added on automatically, so parents should see the benefits boost when it lands in their bank accounts.
HM Revenue and Customs (HMRC) has confirmed that millions of parents will benefit from increased Child Benefit payments from later this week - worth an extra £83.20 a year for families with one child. Child Benefit claimed for additional children is also increasing, going up by £54.60 per year, with no limit on the number of children that can be claimed for. All of these changes will come into effect from April 6.
This means that families will receive an annual payment of up to £1331 for their first child, and up to £881 for every child after that. Increases in payments are added on automatically, so parents should see the benefits boost when it lands in their bank accounts. READ MORE: Empty homeowners in Greater Manchester could see council tax bill rise to £4,138 These payments are made every four weeks. Meaning that families will receive £102.40 every four weeks for their first child, and a further £6
HM Revenue And Customs Child Benefit Payments Families Increase
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hunt hands £450 to millions and overhauls child benefit in 'tax-cutting' budgetChancellor Jeremy Hunt has announced a £450 boost for millions of workers and more help for parents in his Budget for 2024 - but there will be a crackdown on landlords, non-doms, vapers and smokers.
Read more »
HMRC update as millions of people will get more Child BenefitSome seven million households will be better off from next week
Read more »
Child Benefit payment dates changing due to Easter holidaysMany families will see a change to their Child Benefit payments over Easter – because of the upcoming Bank Holiday this weekend
Read more »
DWP child benefit payment changes set to hit thousands in MarchThe changes are due to the upcoming Easter bank holidays
Read more »
Martin Lewis warns parents about changes to Child BenefitMartin Lewis warns parents about the changes to Child Benefit and clarifies that previous penalties still need to be paid.
Read more »
Use our Child Benefit calculator to see how much you will saveThe Chancellor announced changes to Child Benefit in his Budget speech
Read more »