Child Benefit payments will likely stop for some parents and caregivers at the end of next month.
HM Revenue and Customs (HMRC) recently confirmed the new weekly payment rates for people claiming Child Benefit or Guardian’s Allowance, which will come into effect in April. It is a means-tested benefit, so household 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.
The benefit is paid every four weeks in arrears, with the payment now worth £24 for an eldest or only child, and £15.90 for additional children.
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Parents and caregivers are eligible if they 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 Daily Record reports.
Some parents or guardians will receive their final payment on May 31.
This is because your Child Benefit stops automatically on August 31 after the child turns 16, unless you let HMRC know that your child is continuing in full-time education or training or they are joining the armed forces or a government-sponsored careers programme.
If your child stays in education or training but then decides to leave, you will continue to get Child Benefit until whichever date after their 16th birthday comes first:
- The last day in February
- May 31
- August 31
- November 30
If you fail to update your details in time, you may still be able to claim Child Benefit, but your payments might be late. You must inform HMRC of any changes to your or your child's circumstances as soon as possible, as this can affect how much Child Benefit you are entitled to and some changes could mean you get more money.
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