Benefits are being uprated
Families with children or young people who are still in full-time education or certain training courses are set to see an increase in their income from April next year. HM Revenue and Customs has proposed new weekly payment rates for people claiming Child Benefit or Guardian’s Allowance.
Child Benefit is a payment made to people who are responsible for bringing up a child aged below 16 or a young person under 20, if they are still in full-time education or on certain approved training courses. Daily Record reported that the benefit is paid every four weeks, either on a Monday or a Tuesday, and there is no limit to how many children a parent or guardian can claim for.
How is Child Benefit and Guardian's Allowance paid? The payments come through every four weeks on a Monday or a Tuesday and the claimant will also be awarded National Insurance credits which can count towards their State Pension. How do earnings affect Child Benefit? Anyone can claim Child Benefit if they are responsible for a child, but earnings may have an effect on the payments. If the claimant or their partner earns more than £50,000 a year they will need to pay back some of the Child Benefit as Income Tax. One percent of the family’s Child Benefit will need to be paid back for every £100 earned over £50,000 each year.
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