Parents claiming Child Benefit may receive an extra few hundred pounds every year, however, some are at risk of actually losing money if they claim.
Around seven million people in the UK claim Child Benefit which is a monthly payment for anyone with parental responsibilities in the UK. Over the course of your claiming years, you could receive more than £17,000, however, the HM Treasury has recently announced a major shake-up to the system.
The government confirmed that it had plans to tackle the issue of the High Income Child Benefit Charge, (HICB) and the impact it could possibly have on a parent's National Insurance record. However, no further details have been announced yet.
