HM Revenue and Customs (HMRC) recently announced the new weekly payment rates for people claiming Child Benefit or Guardian’s Allowance, which will come into effect in April. It is a means-tested benefit, so household 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.
The weekly payment of £21.80 for an eldest or only child and £14.45 for additional children is 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.
However, if your Child Benefit payment amount changes and you’re not sure why, money experts at Income Tax have shared four possible reasons, including how today (February 28) could be the last payment date for some parents or guardians.
