New HMRC data reveals that 214,000 parents in the UK are eligible for Child Benefit but do not claim it, a 66,000 increase over five years. Child Benefit pays £26.05 weekly for the first child and £17.25 for additional children, offering vital financial support. The benefit, available for children under 16 or under 20 in education, is not means-tested but has rules affecting high-income earners. This situation has implications, with projections indicating that 150,000 people could fall into poverty due to government welfare cuts by 2030.
Current data shows that 214,000 parents are eligible for Child Benefit but are not claiming it, reflecting an increase of 66,000 in the last five years. Child Benefit payments provide significant financial help, offering 26.05 per week for the eldest child, translating to 1,354 a year, and 17.25 per week for each additional child, totaling 897 a year. These benefits are available to the adult responsible for a child under 16 or under 20 if still in education, and are automatically paid into bank accounts every four weeks.
It is pertinent for parents to understand that Child Benefit is not means-tested; hence, it can be claimed regardless of income levels. However, there are specific conditions that high-earners must meet, particularly concerning the high-income child benefit charge, which can affect the amount parents receive if they exceed certain income thresholds.
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