Child benefit: New rates from April 2020 – what will they be?
Child benefit rates have remained flat for the last few years. This would have made it difficult for many families as the cost of living has increased. Many have called for the benefits freee to end and thankfully, it will soon be altered.
- Claiming child benefit? You could pass on some of your NI credits
Currently, there are two benefit rates in place that a person can receive.
For an eldest or only child, £20.70 a week will be received.
Any additional children will result in £13.70 a week.
There is no limit on how many children can be claimed for but only one person can get child benefit for a child.
Child benefit can be claimed by anyone who is responsible for bringing up a child.
It can be claimed for any child under 16 or under 20 if they stay in approved education or training.
The payment comes through every four weeks and they award the claimant national insurance credits which can count towards a state pension.
Any changes in circumstances which can affect a claimant’s eligibility must be reported to the government immediately.
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From next week, child benefit payments will rise by 1.7 percent.
This means that payments for an eldest or only child will rise to £21.05 a week.
Payments for additional children will rise to £13.93 per week.
If anyone does not get the new amounts their owed, they can contact the child benefit office.
- Universal Credit to rise in coronavirus crisis – how much is increase?
Rishi Sunak has recently made changes to how benefit claims are handled as a result of coronavirus.
While this primarily concerns universal credit, it will also likely be the case that other benefit applications are affected.
The need for physical face to face meetings have been temporarily halted.
This means that the entirety of child benefit claims can now be handled online or over the phone.
Anyone can claim child benefit if they are responsible for a child but earnings can have an effect on the payments.
If the claimant or their partner earns more than £50,000 a year they will need to pay back some of the child benefit as income tax.
One percent of the families child benefit will need to be paid back for every £100 earned over £50,000 each year. If over £60,000 is earned in a year than all of the child benefit claimed will need to be paid back.
It is possible to stop or restart a claim at any point and free support is available for anyone who needs help with their claim.
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