It has been confirmed by HMRC that Child Benefits payments will increase next month. If you're responsible for raising 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 - then you will be eligible for the payments.
The benefit is paid every four weeks, either on a Monday or a Tuesday, and there is no limit on how many children a parent or guardian can claim for. As reported by Chronicle Live, it is also a means-tested benefit.
This means an income below £50,000 - and savings do not impact the amount a person receives. You do not need to have paid any National Insurance contributions to receive it.
