Child Benefit Claims Surge After Income Threshold Increase

New rules raise repayment threshold to £60,000, boosting middle-income families' benefits

• The income threshold for repaying Child Benefit increased from £50,000 to £60,000, and full withdrawal now occurs at £80,000 instead of £60,000.
• 86,656 new Child Benefit claims were filed in April, a 16% rise from the previous month.
• Families can claim £25.60 per week for the first child and £16.95 for each additional child.
• The changes in the 2024 Budget are expected to benefit middle-income families significantly, with some gaining over £1,600 annually.
• Claiming Child Benefit also provides National Insurance credits, which are crucial for state pension eligibility.

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