personal finance

Child Benefit rates are rising in 2020 after five years – how much more will you get?


Child Benefit can be claimed by the person responsible for bringing up a child who is under the age of 16, or under 20 if they stay in approved education or training. That said, only one person can get Child Benefit for a child.

In April this year, working-age benefits will rise by the rate of inflation.

This means they will increase by 1.7 percent.

Disability benefits and carers allowance, which have not been subject to the freeze, will also increase by 1.7 percent next year.

The rise in working-age benefits not only includes Universal Credit but also a number of legacy benefits.

DON’T MISS

These particular payments are: Jobseeker’s Allowance, Employment and Support Allowance, Income Support, Housing Benefit, Universal Credit, Child Tax Credits, Working Tax Credits and Child Benefit.

How much is Child Benefit?

There are two Child Benefit rates, and they are dependent on who the allowance is for.

Should it be for the eldest or an only child, currently, the rate is £20.70 per week.

That said, a person can get Child Benefit paid weekly if they’re a single parent or if a person or their partner receive certain benefits, such as Income Support.

Should the Child Benefit payment be due on a bank holiday, then it will usually be paid early.

The next bank holiday falls on April 22, 2019.

This means that the payment would instead usually be on April 18, 2019.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.