HMRC confirms payment change for £104 benefit | U.Okay.Finance News
HM Revenue and Customs (HMRC) has confirmed a payment change for households claiming Child Benefit this month.Child Benefit is issued to eligible dad and mom or guardians who’re accountable for raising a little one underneath the age of 16, or underneath 20 in the event that they keep in authorized training or coaching. The benefit is often paid each 4 weeks, both on a Monday or a Tuesday, at a present fee of £26.05 per week for one little one, and £17.25 per week for every extra little one. The payment charges have been uplifted by 1.7% in April that means dad and mom with one little one now get £1,354.60 per 12 months, whereas dad and mom with two kids can get £2,251.60, and fogeys with three kids can get £3,148.60.But there’s no restrict – different than the Benefit Cap – which implies should you had 4 kids, or 5, and so forth, you might get even more than £3,148, with £897 for every extra little one.As Child Benefit is paid each 4 weeks, it means dad and mom with one little one will get £104.20 per 30 days, whereas these with extra kids will get an further £69 per 30 days – however the payment dates change if it’s due on a bank vacation.In England, Wales and Scotland, the August summer time bank vacation falls on Monday, 25. As Child Benefit is generally paid on a Monday or a Tuesday, this may increasingly disrupt funds for some claimants.HMRC has confirmed that those that are resulting from obtain a payment on Monday, August 25, will as a substitute be paid three days early on Friday, August 22, as that is the earliest working day earlier than the bank vacation.In Scotland, the August bank vacation falls initially of the month on August 4, so claimants residing on this half of the nation gained’t be affected.HMRC stated: “Child Benefit is usually paid every 4 weeks on a Monday or Tuesday. There are different payment dates if it’s due on a bank holiday.“You can work out when you’re next going to get Child Benefit by counting 4 weeks forward from your last payment. Do not count forward if your payment was due on a bank holiday – the dates are different.“Your payment might be delayed if the bank is closed for a public holiday on the day HM Revenue and Customs (HMRC) pays you. Check with your bank for the date you’ll get your payment.”
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