Families across the Isle of Wight will see a welcome boost to their household budget as Child Benefit payments are set to increase from next week.
From Sunday (7th April), parents will receive £26.05 per week (£1,354.60 a year) for their eldest or only child, and £17.25 per week (£897 a year) for each additional child.
The payments are made every 4 weeks directly into a bank account, with no cap on the number of children that can be claimed for.
HMRC is encouraging parents and carers to manage their Child Benefit online, with its free HMRC app now allowing users to track claims, update personal details, and even add children to existing claims. New updates mean payments can now be made in as little as 3 days after a claim is submitted.
Myrtle Lloyd, HMRC’s Director General for Customer Services, has said:
“Extra pounds count and Child Benefit can give your household budget a boost.
“Claiming online or managing your Child Benefit payments via the HMRC app is quick and easy.”
Key things parents need to claim include:
- Child’s birth or adoption certificate
- Bank details
- National Insurance number for themselves (and their partner, if applicable)
- Additional documents for children born outside the UK
Parents are reminded that Child Benefit can only be backdated by up to 3 months, so early applications are advised.
If either parent earns between £60,000 and £80,000, they may be affected by the High Income Child Benefit Charge. From this Summer, a new digital option will allow those impacted to pay the charge through their PAYE tax code, avoiding the need to file a Self Assessment return.
Even families who opt out of receiving payments due to income levels can still receive valuable National Insurance credits by submitting a claim.
More information, including how to apply, can be found at https://www.gov.uk/child-benefit.
A whole 45p a week for the first child, and 30p for the subsequent!
Better than a kick up the a@se,
back in my day it was tuppence ha’penny.
Back in your day dearie, tuppence ha’penny bought a loaf of bread with change.
People in todays world have never had it so
good.
Universal credit etc etc
People in today’s world have higher costs, less available housing, fewer jobs and far more ill health…but they’re better off because they get an extra 45p? They’ve HAD a kick up the arse in their life lottery and will never get the chance to recover from it. Yes, when we were young we were not well off, but we were privileged to be able to get out of that and thrive. Leave a job on a Friday, walk into another on the Monday. An NHS that actually made you better, not kick your round the corridors until they found an exit door. Only one parent needed to work, the other stayed at home. Stability. Don’t take yours for granted while sneering at others.