HM Revenue and Customs (HMRC) will stop Child Benefit for families across the UK from Tuesday. Parents and carers receive this financial assistance to help cover the costs of bringing up children.
At the moment, eligible claimants can receive £27.05 weekly for their eldest or only child, and £17.90 a week for any additional children. You typically must inform HMRC if you wish to claim for a young person aged 16 or above who is continuing in approved education or training.
Deadline to confirm plans
The cut-off date to do this is Monday, August 31, with individuals able to complete this via the HMRC app or online through the digital service. Those who received correspondence from HMRC can also scan the QR code to access the digital service directly. Payments will cease automatically for anyone who hasn't responded by the deadline.
Child Benefit is valued at up to £1,406.60 annually for the eldest or only child, and up to £930.80 per year for each subsequent child.
Official reminder
Myrtle Lloyd, HMRC's Chief Customer Officer, said: "Exam results season is a big moment for teenagers deciding their next steps, and it's the perfect time for parents to confirm those plans with us. Child Benefit is a vital source of support for many families and we don't want anyone to miss out.
"It only takes a few minutes using the HMRC app or GOV.UK, so make sure you're receiving the payments you're entitled to."
Eligibility and charges
Child Benefit remains available for youngsters aged 16 and above who are undertaking full-time, non-advanced education, such as A levels, T levels, Scottish Highers, NVQs up to level 3, and certain approved training schemes.
However, if a Child Benefit claimant or their partner earns an individual adjusted net income exceeding £60,000, the higher earner may be liable to pay the High Income Child Benefit Charge (HICBC).
