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HMRC Issues Urgent Warning as Millions of Parents Missing Out on Money
HMRC said families who miss the deadline could lose payments worth up to £1,406.60 a year, while new parents may also be missing out.
- Myrtle Lloyd, HMRC's Chief Customer Officer, is urging parents to claim Child Benefit online or via the app, emphasizing that families can benefit from much-needed financial support by acting quickly.
- New figures reveal more than 30% of parents fail to claim Child Benefit during their baby's first year, despite payments worth up to £1,406 annually amid rising household costs and financial pressure.
- Parents can apply just 48 hours after registering a birth, though HMRC notes claims can only be backdated for up to three months from the date the application is received.
- Families with teenagers turning 16 and continuing into sixth form or approved training must confirm their status before August 31, as payments stop automatically unless updated details are provided.
- While higher earners over £60,000 may face the High-Income Child Benefit Charge, experts note claiming remains vital because it protects National Insurance credits linked to the State Pension and future entitlements.
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Total News Sources29
Leaning Left1Leaning Right1Center24Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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