The new weekly payment rates for people claiming Child Benefit or Guardian’s Allowance, which will come into effect next month, have been published by the HM Revenue and Customs (HMRC). It comes after the UK Government's announcement in November 2022 that State Pension and most benefits will be uprated by 10.1 percent from April.
Child Benefit is a payment made to people who are responsible for bringing up a child aged below 16 or a young person under 20, if they are still in full-time education or on certain approved training courses. According to Daily Record, the benefit is paid every four weeks, either on a Monday or a Tuesday, and there is no limit to how many children a parent or guardian can claim for.
It is also a means-tested benefit, so income below £50,000 and savings do not impact the amount a person receives and you do not need to have paid any National Insurance contributions to get it.
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Child Benefit payment rates for 2023/24
There are two Child Benefit rates in place.
Current rates per week
- Eldest or only child - £21.80
- Additional children - £14.45
New rates per week - from April 2023
- Eldest or only child - £24.00 (£96 every four-week pay period)
- Additional children - £15.90 (£63.60 every four-week period)
How much is the increase?
Over the next financial year, which starts on April 6, parents will receive an additional £114.40 and £75.40 respectively.
Guardian's Allowance rates from April 2023
The new weekly rate for Guardian's Allowance will be £20.40 - an increase of £1.85 on the current 2022/23 rate of £18.55. This is also paid every four weeks, which means payments will rise from £74.20 to £81.60.
How is Child Benefit and Guardian's Allowance paid?
The payments come through every four weeks on a Monday or a Tuesday and the claimant will also be awarded National Insurance credits which can count towards their State Pension.
What age do Child Benefit payments stop?
Child Benefit can be claimed for any child below 16 or under 20 if they stay in approved education or training.
What if your circumstances change?
Any changes in circumstances which may affect a claimant’s eligibility must be reported to the Child Benefit office immediately.
What else you need to know
There is no limit on how many children can be claimed for, but only one person can receive Child Benefit.
HMRC has also announced the new allowances for Working Tax Credits and Child Tax Credits.
How do earnings affect Child Benefit?
Anyone can claim Child Benefit if they are responsible for a child, but earnings may have an effect on the payments. If the claimant or their partner earns more than £50,000 a year, they will need to pay back some of the Child Benefit as Income Tax.
One percent of the family’s Child Benefit will need to be paid back for every £100 earned over £50,000 each year. If over £60,000 is earned in a year then all of the Child Benefit claimed will need to be paid back.
It is possible to stop or restart a claim at any point and free support is available for anyone who needs help with their application.
For more information on Child Benefit, visit GOV.UK, here.