Child Benefit payments set to rise next month - here are the new amounts

Child Benefit payments will increase in April, HM Revenue and Customs (HMRC) has confirmed. Parents or guardians raising a child aged below 16 or a young person under 20 who is still in full-time education or on certain approved training courses, will be eligible for the payment.

The benefit will be paid every four weeks, either on a Monday or a Tuesday. There is no limit on how many children a person can claim for.

As the benefit is means-tested, an income below £50,000 and savings do not impact the amount a person receives and you do not need to have paid any National Insurance contributions to receive it, reports SomersetLive. Here are the full details on the confirmed changes to Child Benefit and Guardian’s Allowance payments from April 11, 2022.

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There are two Child Benefit rates in place.

Current rates per week

Eldest or only child - £21.15

Additional children - £14.00

New rates per week - from April 2022

Eldest or only child - £21.80

Additional children - £14.45

This is an increase of 65p and 45p respectively per week. This means the new four-weekly payments will be £87.20 for an eldest or only child and £56.00 for any additional children.

Therefore, parents will receive an additional £33.80 and £23.40 respectively over the next financial year.

The new weekly rate for Guardian's Allowance will be £18.55 - an increase of 55p on the current 2021/22 rate of £18.00.

The payments come through every four weeks on a Monday or a Tuesday and the claimant will also be awarded National Insurance credits which can count towards their State Pension.

Child Benefit can be claimed for any child below 16 or under 20 if they stay in approved education