How much you'll get as child benefit payments set to rise - and when it's changing
dailystar.co.uka rise in the cost of living, impacting families up and down the country. As a result, key payments such as child benefits are set to increase, as are Universal Credit payments.
Inflation and a rise in food and energy prices mean that people could be feeling the pinch over the coming months if they aren't already.
People can claim Child Benefit if they are considered responsible for a child under 16 or a young person under 20 if they are in education or on approved courses.They will need to show they are already paying a similar amount for things like food, clothes and pocket money for the young adult in their care.There are exceptions if a person or their partner earns over £50,000 every year.
If they do, they will have to pay some of the benefits back through income tax. They pay all of this back if they earn over £60,000 a year.So when do child benefit payments increase and how much by?There are two child benefit rates currently in place and they are set to go up by 3.1% in April.
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