Many families that claim Child Benefit are being caught out and having to pay back money to HMRC.
The benefit is a monthly payment available to parents or anyone in charge of looking after a child. The payment amounts are £21.80 a week for the first child and £14.45 a week for any additional child.
However, if you are on a higher income, you could be caught out by a tax rule. You become subject to paying the High Income Child Benefit (HICB) tax charge when one parent or guardian starts earning over £50,000 a year.
