Latest news with #HighIncomeChildBenefitCharge
Wales Online
3 days ago
- Business
- Wales Online
Parents warned child benefit could stop if they don't act ahead of looming deadline
Parents warned child benefit could stop if they don't act ahead of looming deadline HM Revenue and Customs (HMRC) is warning parents that they need to take action to avoid missing out on Child Benefits which could be worth thousands of pounds each year HM Revenue and Customs (HMRC) is currently issuing reminders to parents of teenagers aged 16 to 19 ahead of a key deadline in August. If they fail to update their Child Benefit claim by this date, payments will cease automatically. The cut-off point for updating the online account to maintain the benefit is August 31, 2025. This update is crucial for parents whose teens are pursuing further education or training. For all the latest money-saving tips, sign up to our Money newsletter here . Parents can swiftly and conveniently extend their claim using the HMRC app or by visiting online. The reminder letters also feature a useful QR code that directs parents straight to the digital service on Child Benefit stands at £26.05 weekly for the eldest or an only child, totalling £1,354.60 annually, and £17.25 per week for each additional child, amounting to £897 yearly. Last year saw over 870,000 parents renew their Child Benefit claims for their teenagers, with most confirmations done quickly online or through the HMRC app. Myrtle Lloyd, HMRC's Director General for Customer Services, commented: "Child Benefit is an important boost to families. As soon as you know what your teenager is planning to do, extend your claim in minutes to guarantee your payments continue in September. Simply go to or the HMRC app to confirm today," reports the Daily Record. Children who are engaged in full-time studies in approved non-advanced education are eligible for continued Child Benefit payments. Child Benefit will continue to be provided for children enrolled in certain unpaid approved training courses. If a child decides not to pursue further education or training, parents can simply notify HMRC online or via the app, and payments will be adjusted accordingly. If either the claimant or their partner earns between £60,000 and £80,000, the higher earner will be subject to the High Income Child Benefit Charge. For families in this income bracket, the online Child Benefit tax calculator can provide an estimate of the benefit they will receive and the potential charge. As part of the UK Government's Plan for Change, starting this summer, families will have the option to pay the charge directly through their PAYE tax code using a new digital service, eliminating the need to file a Self Assessment tax return. This new service aims to reduce bureaucracy for eligible employed parents liable to the High Income Child Benefit Charge, although those who prefer to pay the charge through their Self Assessment can continue to do so. Families who have previously opted out of Child Benefit payments can choose to opt back in and restart their payments quickly and easily online or via the HMRC app. Article continues below Upon turning 16, teenagers can take control of their Child Trust Fund savings account, which could potentially be worth thousands of pounds. They can withdraw the money once they turn 18. Child Trust Funds were established for every child born between 1 September 2002 and 2 January 2011. Teenagers or their parents and guardians who are aware of their Child Trust Fund provider can get in touch with them directly. If they're unsure about the whereabouts of their account, a free online tool on can help locate their Child Trust Fund provider.
Daily Mirror
7 days ago
- Business
- Daily Mirror
DWP State Pension changes to help Brits receive 'higher' payments
The full new State Pension currently stands at £230.25 per week, which is around £11,973 for the 2025/26 financial year alone The UK Government has announced an upgrade to the 'Check Your State Pension' online service in a bid to help Brits get full State Pension payments when they retire. At present, the full new State Pension stands at £230.25 weekly, adding up to around £11,973 throughout the 2025/26 financial year. Qualification for the State Pension is linked to National Insurance Contributions (NICs), with a minimum of 10 years' worth to be eligible for any pension sum and about 35 years for the full rate. Extra years might be necessary if you were 'contracted out' - with in-depth information accessible on here. The Check Your State Pension forecast service enables anyone to make voluntary National Insurance contributions to bridge any gaps in their NIC history. Treasury minister James Murray says the planned amendments will improve the user experience. In a written statement to Parliament, the minister recently outlined a series of new simplified measures and updated guidance for the self-employed. It is also for those paying the High Income Child Benefit Charge, and anyone who wishes to maximise their State Pension by purchasing voluntary National Insurance Contributions. "The government also intends to further enhance the Check Your State Pension forecast service, which supports people who want to pay voluntary National Insurance contributions to fill gaps in their National Insurance record," the statement from April 28 reads. "These measures build on the government's announcement at Spring Statement 2025 that from Summer 2025, employed individuals who become liable to the High Income Child Benefit Charge (HICBC) will be able to opt to pay HICBC directly through PAYE, without the need to register for Self Assessment." The State Pension age will rise from 66 to 67 for both men and women between 2026 and 2028, with a subsequent increase to 68 expected to be implemented between 2044 and 2046, according to the Daily Record. This implies that people born between March 6, 1961, and April 5, 1977, will be able to start claiming their State Pension as soon as they reach the age of 67. However, a recent study by Just Group has highlighted a worrying trend. Over a third of retirees did not check their State Pension forecast before retiring, even though for 1.2 million households, the State Pension constitutes the primary source of income during retirement. The survey, which questioned more than 1,000 people either already retired or approaching retirement age, revealed that 38% had not looked at their pension forecast. This figure increased to 40% among those aged 55 to 64 who were yet to reach State Pension age, and 46% among early retirees. Among those who did examine their prospective State Pension income, about 17% found out that it would be at least £250 less per year than they had expected. On the flip side, 9% were pleasantly surprised to discover that their pension would be higher than anticipated by a similar margin. Commenting on the findings, Stephen Lowe, group communications director at Just Group, said: "It's easy to see why people may assume they'll simply get the full State Pension, but for many people this won't be the case. The last thing these households need when they come to retire is the nasty surprise that their State Pension is less than they thought. "The government offers a State Pension forecast service and we urge anyone approaching retirement to use it - ideally in advance of beginning to retire. It will tell you if you are likely to receive less State Pension than you thought and that will give you the opportunity to take steps to increase what you will actually receive." State Pension payments 2025/26 Full New State Pension Weekly payment: £230.25 Four-weekly payment: £921 Annual amount: £11,973 Full Basic State Pension Weekly payment: £176.45 Four-weekly payment: £705.80 Annual amount: £9,175
Business Mayor
14-05-2025
- Business
- Business Mayor
Parents of teens reminded of HMRC child benefit rule
HMRC is sending out 1.5 million letters to parents of 16 to 19 -year olds reminding them they need to act by the end of August if they want their child benefit payments to continue in September. Parents can continue receiving child benefit payments if their child is staying in education or training but unless they request an extension payments will automatically stop on 31 August on or after a child's 16th birthday. HMRC said last year 870,000 parents extended their Child Benefit, with most doing so using the online service. Between May and July, letters will be sent to parents reminding them to go online to confirm if their teenager is staying in full time education or approved training after they finish their GCSEs to continue receiving their Child Benefit. Parents can extend their claim quickly and easily via the HMRC app or online on The letters also contain a handy QR code which takes parents straight to the digital service on Child Benefit is currently worth £26.05 per week – or £1,354.60 a year – for the eldest or only child and £17.25 per week – or £897 a year – for each additional child. Myrtle Lloyd, director general for customer services at HMRC, said: 'Child Benefit is an important boost to families. As soon as you know what your teenager is planning to do, extend your claim in minutes to guarantee your payments continue in September. Simply go to or the HMRC app to confirm today.' If either the claimant or their partner has an individual income of between £60,000 and £80,000, the higher earner will be subject to the High Income Child Benefit Charge, which means the amount of child benefit will reduce. The online child benefit tax calculator provides an estimate of how much benefit they will receive, and what the charge may be. From this summer, as part of the government's Plan for Change, families will have the option to use a new digital service to pay the charge directly through their PAYE tax code instead of filing a Self Assessment tax return. Families who have previously opted out of child benefit payments can opt back in and restart their payments quickly and easily online or via the HMRC app. Parents are being remindd they cannot claim child benefit if their child is taking a course that is part of a job contract. READ SOURCE
Daily Record
14-05-2025
- Business
- Daily Record
HMRC remind parents of 16 to 19-year-olds to extend Child Benefit claim by August 31
Child Benefit will automatically stop on August 31 on or after a child's 16th birthday if it's not extended. Parents of 16 to 19-year-olds in Lanarkshire will receive reminders from HM Revenue and Customs (HMRC) to extend their Child Benefit claim by August 31 if their child is staying in education or training or payments will automatically stop. Child Benefit will automatically stop on August 31 on or after a child's 16th birthday if it's not extended. Between May and July, letters will be sent to parents reminding them to go online to confirm if their teenager is staying in full time education or approved training after they finish their Nationals to continue receiving their Child Benefit. Lanarkshire parents can extend their claim quickly and easily via the HMRC app or online on The letters also contain a handy QR code which takes parents straight to the digital service on Child Benefit is currently worth £26.05 per week - or £1354.60 a year - for the eldest or only child and £17.25 per week - or £897 a year - for each additional child. More than 870,000 parents extended their Child Benefit claim for their teen last year with the majority confirming online or via the HMRC app in minutes. Myrtle Lloyd, HMRC's director general for customer services, said: "Child Benefit is an important boost to families. 'As soon as you know what your teenager is planning to do, extend your claim in minutes to guarantee your payments continue in September. Simply go to or the HMRC app to confirm today.' Child Benefit can continue to be paid for young people who are studying full time in non-advanced education as well as unpaid approved training courses; visit to check full eligibility. If either the claimant or their partner has an individual income of between £60,000 and £80,000, the higher earner will be subject to the High Income Child Benefit Charge. For families who fall into this category, the online Child Benefit tax calculator provides an estimate of how much benefit they will receive, and what the charge may be. From this summer, as part of the government's Plan for Change, families will have the option to use a new digital service to pay the charge directly through their PAYE tax code instead of filing a Self Assessment tax return. The new service will cut red tape for eligible employed parents who are liable to the High Income Child Benefit Charge but those who choose to pay the charge through their Self Assessment can continue to do so. Teenagers in Lanarkshire turning 16 can take control of their Child Trust Fund savings account, which could be worth thousands of pounds, and can then withdraw the money once they turn 18. *Don't miss the latest headlines from around Lanarkshire. Sign up to our newsletters here.
Glasgow Times
14-05-2025
- Business
- Glasgow Times
HMRC Child Benefit deadline for parents of 16-19s August 31
Last year, 870,000 parents extended their Child Benefit payments, with most applying on the HMRC app or the digital service. Parents of 16 to 19 year olds will receive a letter from HM Revenue and Customs (HMRC) to extend their Child Benefit claim if their child is staying in education or training or payments, but if they do not apply for them to carry on, they will automatically stop on August 31 on or after their child's 16th birthday. Between May and July, letters will be sent to parents reminding them to go online to confirm if their teenager is staying in full time education or approved training after they finish their GCSEs to continue receiving their Child Benefit. Is your 16-19 year old planning to stay in education or training in September? Extend your Child Benefit claim now. Find out how 👇 — HMRC Press Office (@HMRCpressoffice) May 13, 2025 How much is Child Benefit? Child Benefit is currently worth £26.05 per week - or £1,354.60 a year - for the eldest or only child and £17.25 per week - or £897 a year - for each additional child. More than 870,000 parents extended their Child Benefit claim for their teen last year with the majority confirming online or via the HMRC app in minutes. Myrtle Lloyd, HMRC's Director General for Customer Services, says: "Child Benefit is an important boost to families. As soon as you know what your teenager is planning to do, extend your claim in minutes to guarantee your payments continue in September. Simply go to or the HMRC app to confirm today." Child Benefit can continue to be paid for young people who are studying full time in non-advanced education as well as unpaid approved training courses. Visit the HMRC Child Benefit website to check full eligibility. What about the High Income Child Benefit Charge? If either the claimant or their partner has an individual income of between £60,000 and £80,000, the higher earner will be subject to the High Income Child Benefit Charge. For families who fall into this category, the online Child Benefit tax calculator provides an estimate of how much benefit they will receive, and what the charge may be. From this summer, as part of the government's Plan for Change, families will have the option to use a new digital service to pay the charge directly through their PAYE tax code instead of filing a Self Assessment tax return. The new service will cut red tape for eligible employed parents who are liable to the High Income Child Benefit Charge but those who choose to pay the charge through their Self Assessment can continue to do so. Families who have previously opted out of Child Benefit payments can opt back in and restart their payments quickly and easily online or via the HMRC app. There's also an HMRC reminder for the Child Trust Fund - don't miss out Teenagers turning 16 can take control of their HMRC Child Trust Fund savings account, which could be worth thousands of pounds, and can withdraw the money once they turn 18. Child Trust Funds were set up for every child born between 1 September 2002 and 2 January 2011. If teenagers or their parents and guardians know who their Child Trust Fund provider is, they can contact them directly. If they don't know where their account is, they can use the free online tool on to find out who their Child Trust Fund provider is. Recommended reading: Will I get a letter from HMRC? 1.5 million letters will be sent to parents of 16 to 19 year olds reminding them to extend their Child Benefit claim for their teenager if they are staying in full time education or approved training. Eligible customers no longer need to wait for the letter to extend their claim. The service will be open online or in the HMRC app for all eligible customers. Customers can update their Child Benefit claim via the HMRC app and via Claimants who are unable to use online services can call or write to us using the contact details in their renewal letter. Can I claim if my teenager is on a course for work? Parents cannot claim Child Benefit if their child is taking a course that is part of a job contract. Parents can view and manage their claim quickly and easily online or on the HMRC app. This includes viewing payment information and proof of their claim, adding additional children and updating their details.
