More than a million families in the UK could see their Child Benefit payments stopped by HMRC.
There is just one week left to confirm 16 to 19-year-olds are staying in full-time education or approved training, to ensure the payments continue.
Parents and carers have until August 31 to update their Child Benefit records, or risk seeing a stop to the benefit. More than 600,000 families have already notified HMRC, but many have yet to do so, Birmingham Live reports.
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You can notify HMRC using your Personal Tax Account on Gov.uk, by returning a completed copy of the form they were sent earlier in the year, or by telephone. The deadline is just seven days away (August 31).
Angela MacDonald, HMRC’s Deputy Chief Executive and Second Permanent Secretary, said: "Child Benefit provides vital financial support for families and we want to make sure no-one misses out because they haven’t updated their details on time. The quickest way to notify HMRC is via your Personal Tax Account online, or search 'child benefit when your child turns 16' on GOV.UK for more information or further options for contacting us."
Child Benefit is paid to eligible parents or carers who are responsible for a child under 16, or under 20 if they are in full-time non-advanced education or approved training. This includes A-Levels, Scottish Highers, NVQs up to Level 3, or certain traineeships – a list of approved courses and training schemes is available on GOV.UK. It does not include university degrees or equivalents.
Child Benefit is worth £21.80 per week for a first child and £14.45 for each additional child. There's no limit to the number of children you can claim for.
Making a Child Benefit claim also ensures you qualify for National Insurance credits, which contribute towards your State Pension and can, in some circumstances, be transferred to a grandparent or other family member who helps with childcare – known as Specified Adult Childcare Credits (SACC).
If parents or carers have an income over £50,000 (or their partner does) and receive Child Benefit, they may have to pay the High Income Child Benefit Charge via an annual Self Assessment tax return.
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