HMRC encourages parents under £60,000 to claim benefits

HM Revenue and Customs (HMRC) is encouraging parents who earn less than £60,000 a year to claim child benefit. The benefit can be a significant financial help, providing up to £2,212 a year for families with two children. For families with three children, the benefit can go up to £3,094. The income threshold for receiving the full benefit has recently increased from £50,000 to £60,000. This change means more families can now qualify for the full amount. Parents wanting to apply should note that the benefit is paid monthly to those caring for children under 16 or under 20 if they are in full-time education. Currently, the weekly rate for the eldest child is £25.60, while each additional child receives £16.95. Only one parent in a household can claim the benefit, and it must be the higher earner. If a household’s income exceeds £60,000, they will see the benefit gradually reduced due to the high income child benefit charge. For those making £80,000 or more, the child benefit is completely withdrawn. In cases of family separation, only one parent can receive the £25.60 for the eldest child, while both parents can get this amount if they have children living with different partners. To claim, parents can visit the government website or fill out a paper form. Payments are usually made every four weeks, but weekly payments are available for single parents or those receiving certain benefits. Even if parents do not qualify for payments, applying can still provide credits toward the state pension and help children secure their National Insurance numbers.