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Daily Mirror
Daily Mirror
Business
Levi Winchester

How much is Child Benefit rising by next year? Millions of parents in line for increase

Millions of parents claiming Child Benefit are set to see their payments rise next year.

Child Benefit is money paid to adults who are responsible for a young adult.

You can claim Child Benefit if you're responsible for a child who is under 16, or under 20 and in approved education or training.

If you or your partner earn less than £50,000 per year, you can claim the full amount of Child Benefit.

At the moment, you get £21.80 a week for your first child, then any other child you have qualifies for £14.45 a week each.

But these rates are rising by 10.1% from April 2023.

Child Benefit is available to parents earning under a certain threshold (Getty Images)

Benefits payments go up every April, normally in line with the Consumer Prices Index (CPI) rate of inflation from the previous September.

We explain how Child Benefit rates are changing.

Child Benefit rates 2023/24

  • Eldest or only child - rising from £21.80 a week to £24 a week
  • Additional children - rising from £14.45 a week to £15.90

Who is eligible for Child Benefit?

You need to live in the UK and be responsible for someone under the age of 16, or under 20 if they’re in approved education or training, to claim Child Benefit.

Being responsible for a child usually means they live with you, or you pay at least the same amount as Child Benefit towards looking after them.

If two people look after a child, only one person can claim Child Benefit.

You can claim Child Benefit if you fostered a child, as long as the local council is not paying anything towards their accommodation or maintenance.

Child Benefit is also available if your child is adopted, as well as in certain circumstances where you're looking after a child for a friend or relative.

If you or your partner earn less than £50,000 per year, you can claim the full amount of Child Benefit - the rates we mentioned above.

But if one of you earns over £50,000, you may be liable for a tax charge, known as the "High Income Child Benefit Charge".

Earn over £60,000 and you'll need to pay back 100% of your Child Benefit - meaning you don't get anything.

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