Money Wellness
illustration of parents hugging their children in an embrace
category iconbenefits
calendar icon02 Apr 2024

The child benefit rate rise: what does it mean for you?

Child benefit rates go up on 6 April, this coming Saturday. Families who currently claim child benefit are automatically going to get increased payment of:

  • Families with one child will now get up to £1,331 a year
  • For any additional children, families can get up to £881

There isn’t a limit to how many children families can claim for, and parents will get £102.40 every 4 weeks (£25.60 per week) for the first or only child and £67.80 every 4 weeks (£16.95 per week) for each additional child.

What’s changed?

The child benefit rates have risen from:

  • £24.00 to £25.60 per week for the eldest or an only child
  • £15.90 to £16.95 per week for other children

This is an extra £83.20 per year for one child and an extra £54.60 for any additional children.

Families with ongoing claims do not need to contact HMRC, as the increased benefit payment will continue to be paid directly into their bank accounts.

Parents with a newborn baby are encouraged to make a claim online as soon as possible, and this means they could get their first payment in as little as three days.

The claims can also be backdated by a maximum of three months.

How do I claim child benefit?

To claim you’ll need to:

  • create a Government Gateway account, which requires identification proof.
  • when creating a new account, HMRC will send you an activation code via email. Once received, you can then apply online.

Parents and carers who cannot apply online can claim by post or claim by phone.

Check if you’re eligible.

Other HMRC changes:

  • From 6 April 2024, families where the highest earner has a salary of up to £60,000 a year will not be subject to the High Income Child Benefit Charge. Find out what this means for you.

 

Avatar of Lydia Bell-Jones

Lydia Bell-Jones

With a background in banking, Lydia has been writing professionally for over five years. She is passionate about helping people improve their personal finances and has a particular interest in the connection between money and mental health.

Related posts

benefits

12 Apr 2024

Scotland moves to child disability payment- what’s changed?

Find out if you need to apply for child disability payment.

benefits

11 Apr 2024

Working parents on universal credit to get significant boost in childcare support

The DWP has confirmed that parents on universal credit can now get up to £1,311 more a year in childcare support following the 6.7% rate rise happening this week.

benefits

10 Apr 2024

Benefits for new parents rise- how much will you get?

Benefits for parents with newborns rise to an extra £604 a year. Here's where you can get help with buying items for your newborn.

benefits

10 Apr 2024

Millions over 50 at risk of poverty in retirement

92% of over 50s who don't have private pension savings are worried about their finances. Find out if you're eligible for pension credit or other benefits.