Child benefit is paid to help people with the costs of
bringing up a child. Child Benefit is receivable by a person responsible
for each child until they reach 16, or 19 years of their age, if they stay in
education or training. If the person (or their spouse or partner) has ‘adjusted
net income’ above £50,000 the person with the highest income has to pay some of
the Child Benefit as a tax charge. Where ‘adjusted net income’ is more than
£60,000 a year, the tax charge equals the Child Benefit received.
- Only one household can get Child benefit for each child, for
that child including those who are fostering or adopting.
- If your child starts paid work for 24 hours or more a week and is no
longer in approved education or training, your Child Benefit will stop.
- The same applies if your child starts an apprenticeship or starts
receiving certain benefits in their own right.
- Payments are not tax free as long as neither parent nor care taker
earns more than £50,000 a year.
- you’ll need to pay back 1% of your family’s Child Benefit for every
£100 or your income over £50,000
- f either of you earn over £60,000 a year, you’ll have to repay all
of your Child Benefit in extra Income Tax
How to
claim child benefit?
- Claiming Child Benefit can give a big boost to your family budget.
- If you’ve just had a baby, make sure you claim before it’s three
months old
Who is
eligible for child benefit?
- You are eligible for child benefit if
- you are 16 or over, and
- You are responsible for at least one child.
- The child must be:
- under 16, or
- Aged between 16 and 20 and in relevant education or approved training.
Child
benefit contributions can include
- Money
- Clothes
- Birthday and Christmas presents
- Food
- Pocket money
We
offer a selection of simple, affordable ways to invest for your child’s future.
How
much child benefit an Individual can get?
- An individual can claim:
- £20.70 per week for your first child
- £13.70 a week for any further children.
It can
be increased up to £1,000 a year if you have one child and an extra £700 for
second and further children.