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Child Benefit warning as parents face losing £1,300 ahead of HMRC August deadline
More than 214,000 families miss out on Child Benefit worth up to £1,354.60 yearly, risking payments and future pension income without August 31 confirmation, HMRC warns.
- Parents must extend their Child Benefit claim by August 31 to continue receiving payments for children aged 16 to 19 across Scotland.
- HMRC sent reminder letters between May and July because payments automatically stop if parents miss renewing after a child turns 16 unless full-time education or training is confirmed.
- Child Benefit currently provides £26.05 weekly for the eldest child and £17.25 for each additional child, with families possibly losing over £2,250 annually if they fail to extend claims.
- Personal finance expert Fiona Peake warned that missing the renewal deadline results in forfeiting financial benefits your family qualifies for and could lead to losing National Insurance credits valued at approximately £342 annually in retirement income.
- Advice Direct Scotland urges parents to act quickly to avoid missing out on vital financial support and offers free guidance through their service for any renewal confusion.
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22 Articles
Parents of teens urged to note deadline and act now to ensure they don't miss out on child benefit payments
Advice Direct Scotland is reminding parents who have a child aged between 16 and 19 that the payments will stop at the end of this month - unless they take action.
·Glasgow, United Kingdom
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Coverage Details
Total News Sources22
Leaning Left2Leaning Right0Center16Last UpdatedBias Distribution89% Center
Bias Distribution
- 89% of the sources are Center
89% Center
11%
C 89%
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