Huge child benefit change to save thousands of parents from ‘unfair’ tax charge, Jeremy Hunt confirms
HUGE child benefit changes kicking in next week, and they'll save hundreds of thousands of parents £1,300 a year.The change to the child benefit threshold will happen in Aprilmonth, parents can claim £25.60 per week for their first or only child and an extra £16.95 a week for any additional children.
So, in a further boost, Mr Hunt said the government will look to change the system to a household-based one by April 2026.This means two parents earning £49,000 a year - totalling £98,000 in the household - each receive the benefit in full. This means you have to pay back 1% of your child benefit for every £100 of income earned over the £50,000 threshold.HMRC
For any additional children, they can claim an extra £15.90 a week per child - £63.60 a month and £826.80 a year. You'll be responsible for a child if you live with them or you are paying at least the same amount as child benefit towards looking after them.Usually, you get child benefit for eight weeks after your child goes to live with a friend or relative - as long as they don't make a claim.Foster parents can also claim child benefit, as long as the council is not paying anything towards their accommodation or maintenance.
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