HM Revenue and Customs (HMRC) has published the new weekly payment rates for people claiming Child Benefit or Guardian’s Allowance, which will come into effect next month. The guidance was published on GOV.UK following Chancellor Jeremy Hunt's announcement in the Spring Budget on March 15 that State Pension and benefits will increase by 10.1 per cent from April.
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. 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.
It is also a means-tested benefit, so income below £50,000 and savings do not impact the amount a person receives and you do not need to have paid any National Insurance contributions to get it.
