UPDATE: His Majesty’s Revenue and Customs (HMRC) has just announced an urgent call for eligible UK parents to claim their Child Benefit, potentially worth up to £897 per year for each new claim. This essential benefit can significantly ease the financial burden of raising children and can be applied for directly through HMRC’s mobile app.
According to HMRC’s latest tweet, “You can claim Child Benefit for every child you’re responsible for, regardless of how many children you have. Child Benefit can be backdated for up to 3 months from the date you make the claim.” Parents are encouraged to act quickly, as payments cannot be recovered from earlier than three months prior.
For those already claiming Child Benefit for their first child, it’s vital to know that you can claim an additional £897 annually for each additional child. The current rates stand at £26.05 per week for the eldest or only child and £17.25 per week for any additional children, providing substantial support for families.
The Child Benefit scheme is designed to assist anyone raising a child under 16, or under 20 if they are in approved education or training. While there is no limit on the number of children you can claim for, only one parent or guardian can receive the benefit for each child.
However, parents should be aware of the High Income Child Benefit Charge. If you or your partner earn over £60,000 a year, you will still receive the full amount but will need to pay some back. Financial expert Martin Lewis emphasizes the importance of understanding this charge: “If you (or your partner) earn more than £60,000 a year, you will still get the full amount of Child Benefit, but you will have to pay some of it back.”
For those affected, it’s crucial to note that the charge is tapered, meaning the more you earn over the threshold, the more you need to pay back. If both partners earn over this limit, the individual with the higher adjusted net income is responsible for the repayment.
Parents can apply for Child Benefit online via the official UK Government website, which also offers a YouTube tutorial for guidance through the claim process. The government encourages all eligible families to take advantage of this financial support.
Don’t miss out on this critical opportunity. Join our WhatsApp Community – The Money Saving Club – for the latest shopping deals, tips, and money news delivered directly to your phone. Click here to join: https://crnch.it/eutplxS1.
As the deadline approaches for claiming this benefit, parents are reminded to act swiftly. Eligible families could be missing out on vital funds to support their children’s upbringing. For further assistance and to ensure you receive all entitled benefits, visit the HMRC website today.
