Child Benefit provides parents and guardians responsible for raising children with additional financial support. Child Benefit is made available to those responsible for raising a child in the UK. To be eligible, the child must be under the age of 16, or under 20 if remaining in approved education or training.
The sum is rising to £21.15 per week for the first child being claimed for under Child Benefit.
Individuals who have more than one child will be set to receive £14 per week from April onwards.
This sum can really add up across the year, with a family with two children potentially entitled to over £1,820 under the new rates of Child Benefit.
Child Benefit is usually paid out to eligible families every four weeks on a Monday or a Tuesday.
Firstly, it is important to note only one person can receive child benefit for a child.
A claim for Child Benefit could mean a parent can receive National Insurance credits which can count towards the state pension.
This will happen if a parent or guardian is not working or currently earns less than £183 per week.
In addition, any child claimed for under Child Benefit will also be able to automatically receive a National Insurance number when they turn 16.
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