Claiming Child Benefit for newborns - Makesworth Accountants

Claiming Child Benefit for newborns

Claiming Child Benefit

Claiming Child Benefit for newborns

HMRC has confirmed that parents of new-borns will still be able to claim Child Benefit despite the outbreak of Coronavirus. The weekly rates of child benefit for the only or eldest child in a family is currently £21.05 and the weekly rate for all other children is £13.95. The payment whilst relatively small could be a useful benefit for many new parents facing an uncertain future. Child Benefit claims can be backdated by up to 3 months.

This announcement by HMRC is to be welcomed. Usually, a claim cannot be made until you have registered the birth of your child and have a birth or adoption certificate. This is currently difficult as General Register Offices are operating with reduced capacity.

HMRC has said that to claim, first-time parents will need to fill in the Child Benefit Claim form – CH2 – which can be found online. The completed form must then be sent to the Child Benefit Office. If the birth has not been registered a note of this should be included on the claim form.

HMRC is also reminding new parents affected by the High Income Child Benefit Charge of the importance of claiming Child Benefit, even if they opt out of receiving the money itself.

The High Income Child Benefit charge applies to higher rate taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of child benefit. The charge either reduces or removes the financial benefit of receiving child benefit. Where both partners have an income that exceeds £50,000, the charge will apply only to the partner with the highest income. For taxpayers with income above £60,000, the amount of the charge will equal the amount of child benefit received.

See also  UK Living Wage rates rise

For more information on Claiming Child Benefit, Book a Free Consultation

Need Accountancy Support?

For information on bespoke training, or if you have any other questions for Makesworth Accountant, please fill in your details below

Accountancy Support

Your Name(Required)

Proud to be featured in

Happy with our services? Please leave us a Google Review. Click here