Child Benefit is money given to parents or those who are in charge of raising a child.
Is it possible for me to receive Child Benefit?
You may be eligible for Child Benefit if you are the parent or guardian of a child who:
is under the age of 16; or
is 16 or 17 years old, has dropped out of school or training, and meets HMRC's 'extension time' rules for Child Benefit; or
is between the ages of 16 and 20 and is enrolled in (or has started) a full-time, non-advanced educational course or an approved training course (HM Revenue and Customs (HMRC) - which they began, were enrolled in or were admitted on before turning 19.
Since the rules for 19-year-olds are confusing, you can seek counseling from cheap accountants in London if you have any questions about your child's entitlement.
To qualify for Child Benefit, you do not need to have made any national insurance premiums.
Child Benefit is normally paid to the mother if both parents live together. It is normally charged to the parent with whom the child lives if both parents do not live together.
What is the amount of Child Benefit that I will receive?
Your oldest child receives a higher rate of Child Benefit. This works out to £21.15 a week. If you have other children, each of them receives £14.00 a week.
If you or your wife earns £50,000 or more a year and receive Child Benefit, an income tax levy has been added to offset the amount of the Child Benefit you receive.
For more details, please get in touch with us
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