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Child Benefit is a payment which is dedicated to helping people with the myriad of costs associated with raising a child. It is available to those with a child either under the age of 16, or under 20 if they remain in approved education or training. There are two Child Benefit tiers which are based on who the allowance is for, and which are worth bearing in mind.
For the eldest or only child in a family, £21.05 per week is allocated to parents and guardians.
Some £13.95 per week is available per additional child within a family.
Therefore the sum could be particularly useful for families in meeting the cost of living.
Families with two children could receive up to £1,819 per year in tax-free benefit.
But for those who aren’t yet claiming the benefit, an important deadline could make a significant difference in the cash they receive.
This deadline is that Child Benefit can only be backdated by up to three months.
For those who may have been putting off making a claim, then taking action sooner rather than later is key.
Submitting the relevant documents to the DWP on time is essential to receiving all of the money to which a person may be entitled.
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As such, the Money Advice Service has urged eligible people to claim the benefit “straight away”.
If a claim is not made early, Britons could risk losing out on backdated benefits, with the situation unable to be rectified.
Amid the financial challenges of the COVID-19 pandemic, acting early could prove even more important.
Unlocking as much cash as possible is vital for families who need to find additional support.
It can often take up to 12 weeks for a new Child Benefit claim to be processed.
But for families who are new to the UK, this process may take slightly longer.
If a person is claiming Child Benefit for the first time, they should fill in the Child Benefit claim form titled CH2.
This can be sent to the Child Benefit Office, with the address contained within the form.
Child Benefit can be claimed as soon as a parent or guardian either registers the birth of the child, or the child comes to live with them.
Due to COVID-19, some may be unable to register their child as normal due to restrictions.
However, these people are still able to make a claim to receive Child Benefit, and should inform the Child Benefit Office of their situation.
It is important to note though, only one person can receive Child Benefit for a child.
Therefore, those who are in two parent households will need to decide whether it is better for them or their partner to claim.
A parent who is not working or earns less than £166 per week could benefit from claiming as they will receive valuable National Insurance credits towards their state pension.
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