Are you a parent missing out on £27 a week? Here's how to check
Thousands of new parents fail to claim child benefit until it is too late to receive some of the money, HMRC says.
The issue of unclaimed child benefit is a significant one, with thousands of new parents missing out on a substantial amount of money each year. According to HMRC, the average unclaimed amount is around £27 per week, which can add up to a considerable sum over time. This is particularly concerning given the financial pressures that many new parents face.
The child benefit is a tax-free payment that can be claimed by parents or guardians who are responsible for a child under the age of 16, or 20 if they are in full-time education or training. The failure to claim this benefit in a timely manner can result in a loss of entitlement, which is why it is essential for parents to be aware of their eligibility and take steps to claim it. The HMRC's warning highlights the importance of staying informed about available benefits and taking proactive steps to claim them.
As the UK's welfare system continues to evolve, it is crucial for parents and caregivers to stay up-to-date on the benefits they are eligible for. To avoid missing out, parents should check their eligibility for child benefit and take steps to claim it if they are entitled. What to watch next is how HMRC will work to raise awareness about this issue and encourage more parents to claim the benefit they are entitled to. Additionally, there may be further changes to the welfare system that could impact eligibility for child benefit and other benefits.
Originally reported by bbc.co.uk. BahaNews adds analysis for general news readers.