Child Benefit payments are rising next April - here are the new weekly rates
28.11.2022 - 14:57
/ dailyrecord.co.uk
HM Revenue and Customs (HMRC) has issued proposed new weekly payment rates for people claiming Child Benefit or Guardian’s Allowance, which will come into effect next year. The guidance has been issued following Chancellor Jeremy Hunt’s recent Autumn Statement where he confirmed that State Pension and benefits will be uprated by 10.1% from April, 2023.
Child Benefit is a payment made to people who 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 benefit is paid every four weeks, either on a Monday or a Tuesday, and there is no limit to how many children a parent or guardian can claim for.
It is also a means-tested benefit, so 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.
There are two Child Benefit rates in place.
This is an increase of £2.20 and £1.45 respectively per week and means the new, regular four-weekly payments will be £96.00 for an eldest or only child (an increase of £8.80) and £63.60 for any additional children (an increase of £7.60).
Over the next financial year, this means parents will receive an additional £114.40 and £75.40 respectively.
The new weekly rate for Guardian's Allowance will be £20.40 - an increase of £1.85 on the current 2022/23 rate of £18.55.
This is also paid every four weeks, which means payments will rise from £74.20 to £81.60.
The payments come through every four weeks on a Monday or a Tuesday and the claimant will also be awarded National Insurance credits which can count towards their State Pension.
Child Benefit can be claimed for any child below 16 or under