Child benefit alert: Claimants may need to complete a tax return this week – full details

Martin Lewis explains who is eligible for Child Benefit

Child benefit claimants can be claimed by those raising a child who is under 16 or under 20 if they’re in approved education or training. Claims for an eldest or only child will bring in £21.05 per week.

Any claims for additional children will generate £13.95.

There are no limits on how many children can be claimed for and there are few limitations placed on eligibility.

To be eligible, a person simply needs to be responsible for a child and this can include fostered and adopted children.

Claims for child benefit can be made as soon as a child’s birth is registered and are done so through completing a CH2 form.

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While there are few costs involved high earners may need to pay back some of their child benefit through their income tax.

Claimants earning between £50,000 and £60,000 will be required to pay back one percent of their family’s child benefit for every £100 earned over £50,000.

Those earning more than £60,000 per year will need to pay back the child benefit in its entirety.

To make these payments, a Self Assessment tax return must be completed but a deadline for this is quickly approaching.

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Self Assessment tax returns must be completed and paid up by January 31 2021.

This deadline should be noted carefully because if it is missed, penalties will be issued.

A penalty of £100 will be issued if a tax return is up to three months late and this will be increased if it goes beyond three months.

Additional interest will also be added to the debt, raising costs further.

So long as a person is eligible for child benefit, payments will come through every four weeks on a Monday or Tuesday.

The money can be paid weekly if a claimant is a single parent or getting certain other benefits such as income support.

Only one person can receive child benefit for a child, meaning parents will need to decide who among them should make the claim.

Child benefit payments themselves can be received into any account, apart from a Nationwide Cashbuilder account (sort code 070030) in someone else’s name.

Additional children can be added to a child benefit claim if:

  • The child is under six months old and lives with the claimant
  • The child was born in the UK and their birth was registered in England, Scotland or Wales within the following 24 hours
  • The claimant is a UK, EEA or Swiss National who has lived in the UK since the start of the claim

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