Families with children or young people who are still in full-time education or certain training courses are set to see an increase in their income from April next year. HM Revenue and Customs (HMRC) has proposed new weekly payment rates for people claiming Child Benefit or Guardian’s Allowance.
The guidance has been issued following Chancellor Jeremy Hunt’s recent Autumn Statement where he confirmed State Pension and benefits will be uprated by 10.1% from April 2023. Changes will come into effect next year - 2023.
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. Daily Record reported that 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.
