The tax office is urging new parents to put in a claim for Child Benefit as they could receive their first payment in time for Christmas - here's everything you need to know
HM Revenue and Customs has encouraged new parents to apply for Child Benefit, highlighting the possibility of receiving their first payment before Christmas . The tax authority announced that over one million families have utilized HMRC's online service or app to claim Child Benefit since its launch earlier this year.
Child Benefit is disbursed at £25.60 per week for an eldest or only child, and £16.95 weekly for any additional children, potentially adding up to £1,331 annually for the first child and £881 annually for subsequent children. Parents can register for Child Benefit 48 hours following a child's birth and may continue to claim until a child reaches 16 or even up to 20 years old if they remain in full-time education.
Myrtle Lloyd, HMRC's Director General for Customer Services, said: "Having a baby is a busy and expensive time but claiming Child Benefit online or via the app means you'll get cash in your bank account as soon as possible. Claim now and you could get your first payment in time for your baby's first Christmas. Download the HMRC app today."
However, it's crucial to note before claiming that if either parent earns between £60,000 and £80,000 individually, the higher earner will be subject to the High Income Child Benefit Charge . For families in this bracket, HMRC's online Child Benefit tax calculator provides an estimate of the Child Benefit they will receive, and what the potential tax charge may be.
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