HMRC warning as 1.5 million parents risk losing payments worth £1,406

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HMRC warning as 1.5 million parents risk losing payments worth £1,406.

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Around 1.5 million households across the UK will begin receiving letters from HM Revenue and Customs (HMRC) today reminding parents to update their Child Benefit claims or risk losing payments worth at least £1,406.60 a year.The letters are being sent to families with children approaching or over the age of 16, as Child Benefit automatically stops at that point unless parents confirm their teenager will remain in approved education or training.Parents whose children plan to continue in school, college or qualifying training programmes after completing GCSEs or National 5s must notify HMRC before August 31 to continue receiving payments.Families who fail to act before the deadline will see Child Benefit payments stop automatically.

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TRENDING Stories Videos Your Say Following a 1.7 per cent increase introduced on April 6, Child Benefit now pays £27.05 a week for the eldest or only child in a household.Parents receive £17.90 a week for each additional child.As payments are issued every...

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