Child benefits set to rise

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Child benefits set to rise

Millions of parents across the UK will see their child benefits rise this April due to the rising cost of living.

Parents will see a 3.1% increase on their payments alongside an increase with Universal Credit and State Pension.

State Pension will go up to £288.60 a year, and Universal Credit will rise up to as much as £189.72 for couples.

There are two child benefit rates, one for the eldest child and another for any further children.

Currently parents will receive £21.15 a week for their eldest child or their only child which equates to £84.60 a month or slightly over £1,000 a year.

Any child after that works out at £14 a week, £56 a month or slightly over £700 a year.

These current rates of child benefit will rise by 3.1 percent from April 2022 for the year through to April 2023.

HMRC have confirmed that for the first child, or only child, parents can expect to receive £21.80 a week.
For each subsequent child, they will receive £14.45 a week.

Per year, that works out at an extra £33.80 and £23.40 respectively for each rate.

Child benefit payments are usually sent out every four weeks, on a Monday or a Tuesday but single parents on other benefits can receive weekly payments.

To apply for child benefit, people can go to the gorvernment website if they live in the UK and are responsible for a child under 16.

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Ellie joined Gi Media in July 2021.