HMRC has confirmed that families with one child will now receive £1,331 per year, an increase of more than £83.
Families will also receive £881 per year for each additional child they have after that, an annual increase of £54.60.
There is no limit to how many children families can claim Child Benefits for.
Parents will receive £102.40 every 4 weeks (£25.60 per week) for the first or only child and £67.80 every 4 weeks (£16.95 per week) for each additional child.
Families with ongoing claims do not need to contact HMRC, as the increased benefit payment will continue to be paid directly into their bank accounts. Anyone who needs to update their personal details, such as a change of bank account or address, can do so using the HMRC app or online at GOV.UK.
HMRC is encouraging any new parents to make a claim as soon as possible, with their first payment capable of being made in as little as three days.
Parents of newborns can also backdate their Child Benefit claims by up to three months.
Angela MacDonald, HMRC’s Deputy Chief Executive and Second Permanent Secretary, said: “The increase in Child Benefit rates for existing claimants is automatic and families do not need to contact us. New claimants should apply online or using HMRC’s app. Search ‘child benefit’ on GOV.UK for more information.”
Jeremy Hunt makes changes to ‘unfairness’ of Child Benefit rules
From 6 April 2024, families where the highest earner has a salary of up to £60,000 a year will not be subject to the High Income Child Benefit Charge (HICBC). Previously, a person who had an annual income of £50,000 or more would be liable to pay the charge if they or their partner were receiving Child Benefit.
WE GOT THE WIN ON CHILD BENEFIT!
Chancellor tipped me off before budget, said this was due in large to MSE/my shows campaigning all based on all those of your who messaged me to say it was the key thing to put to himSo
1) From this April threshold which hasn’t moved since 2013…— Martin Lewis (@MartinSLewis) March 6, 2024
Announcing the change in last month’s Budget, Chancellor Jeremy Hunt said: “That means two parents earning £49,000 a year receive the benefit in full but a household earning a lot less than that does not if just one parent earns over £50,000.
“Today I set out plans to end that unfairness. Doing so requires significant reform to the tax system including allowing HMRC to collect household level information.
“We will therefore consult on moving the high-income child benefit charge to a household-based system to be introduced by April 2026.
“But because that is not a quick fix, I make two changes today to make the current system fairer.”
Laura Trott, Chief Secretary to the Treasury, added: “We are ending the unfairness in the child benefit system, and as a result 170,000 families will no longer have to pay back child benefit, and nearly half a million families will save an average of around £1,300 next year.
“The legacy of the pandemic and the war in Ukraine has put pressures on everyone’s cost of living. But, by taking difficult decisions, the economy is starting to turn a corner, and we can now provide further support to parents.”
