HM Revenue and Customs (HMRC) has issued proposed new weekly payment rates for people claiming Child Benefit or Guardian’s Allowance, which will come into effect next year. The guidance was issued following the UK Government's announcement in November that State Pension and most benefits will be uprated by 10.1% from April.
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. 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.
It is also a means-tested benefit, so 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.
