Child benefit rates are set to change next month.
The benefit is paid every four weeks, either on a Monday or Tuesday. It is a payment made to people who are responsible for bringing up a child aged below 16 or a young person under 20, if that person is still in full-time education or on certain approved training courses, reported the Daily Record.
While, there is no limit to how many children a parent or guardian can claim for the extra income is also a means-tested benefit. This means that any 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.
