Bestinau got that-
Child support payments will increase in April, HM Revenue and Customs (HMRC) has confirmed.
Parents or guardians raising a child under the age of 16 or a young person under the age of 20 who is still in full-time education or certain approved training courses are eligible for the allowance. The benefit is paid every four weeks, on Monday or Tuesday. There is no limit on the number of children a person can claim.
Because the benefit is means-tested, income of less than £50,000 and savings won’t affect the amount a person receives and you don’t need to have paid national insurance contributions to receive it, SomersetLive reports. Here are the full details on the confirmed changes to child support and guardianship benefits from April 11, 2022.
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Child benefit rates 2022/23
There are two child benefit rates.
Current rates per week
New rates per week – from April 2022
How big is the increase?
This is an increase of 65p and 45p per week respectively. This means that the new four-weekly payments will be £87.20 for an eldest or only child and £56.00 for any additional children.
Therefore, parents will receive an additional £33.80 and £23.40 respectively in the coming financial year.
Guardianship allowance rates from April
The new weekly rate for Guardian’s Allowance will be £18.55 – an increase of 55p from the current 2021/22 rate of £18.00.
How is the child benefit and the guardianship allowance paid?
Payments come in on a Monday or Tuesday every four weeks and the applicant also gets a national insurance premium that can count towards his state pension.
At what age does the child benefit stop?
Child support can be claimed for any child under 16 or under 20 if they have an approved education or training.
What if your circumstances change?
Any changes in circumstances that could affect an applicant’s eligibility must be reported immediately to the Child Support Office.
How does income affect child benefit?
Anyone can claim child benefits if they are responsible for a child, but income can affect benefits. If the applicant or their partner earns more than £50,000 a year, they must repay part of the child support as income tax.
One percent of the family’s child support must be repaid for every £100 earned over £50,000 per year. If more than £60,000 is earned in a year, all child benefits claimed must be refunded.
It is possible to stop or restart a claim at any time and free support is available to anyone who needs help with their application. For more information on child benefits, visit GOV.UK, here.
What else do you need to know
There is no limit to the number of children that can be requested. However, only one person can receive child benefit.
HMRC has also announced the new allowances for work tax credits and child tax credits – check out the new threshold rates on GOV.UK here.
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