Cash strapped families have been told they could now qualify for state support – which starts at £21 a week – as many Britons are hit by financial implications amid the coronavirus pandemic. As the COVID-19 grips the world, millions of Britons have been forced out of work, too ill to work or face a drop in financial income as the UK grinds to a halt to fight the invisible killer virus.
This is all while grappling with growing health concerns, as the respiratory disease kills tens of thousands of people across the globe.
But parents have been told they may be eligible for child benefits due to a major loss in earnings or a job.
Child benefit is a monthly payment made to anyone responsible for bringing up a child under 16, or 20 if they stay in approved education or training, regardless of whether you are working or have savings.
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Only one person can receive Child Benefit for a child, even if the child belongs to a separated or divorced household.
However, previously, parents earning over £50,000 had to pay some of it back while others who earned over £60,0000 are required to pay it all back – with many of them opting out of the scheme.
But now insurer Royal London has urged parents across to the UK to reconsider claiming if their income has taken a hit.
Becky O’Connor, personal finance specialist at Royal London, told the Mirror: “Thousands of parents who had written off child benefit because of the High Income Child Benefit Charge may find they can claim it again without having to pay the charge, as a result of falls in income.
“Child benefit is a valuable source of extra help in these difficult times and we are urging parents who had abandoned it but have recently suffered a drop in income to sign up again to receive it.”
Child Benefit is paid every four weeks and there is no limit to how many children you can claim for.
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Child Benefit is typically paid every four weeks on a Monday or Tuesday.
But if a family splits up and you have two children with one staying with each parent, you will receive £21.05 a week for each child.
The oldest child receives £21.05 per week and any subsequent children receive £13.95 per week.
Claiming Child Benefit means you can get National Insurance credits towards your State Pension if your child is under 12 and you are not working or do not earn enough to pay NI contributions.
Additionally, your child will automatically receive a National Insurance number when they reach 16 years old.
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