As a new parent, you can claim the Child Benefit in the HMRC app. Still, high earners might find that the money is taken back because of the High Income Child Benefit Charge. Ultimately, it’s hard to know if you are eligible and how to handle it, which is why it’s wise to work with the best accountant Leatherhead offers. Let’s learn more!
Crucial Dates
The Child Benefit is claimed when the child starts living with you or on the day after registering the child’s birth. It’s also possible to backdate the Child Benefit claim for three months afterwards.
Eligibility Requirements
Typically, you’re eligible to claim the Child Benefit if you’re responsible for a child under 16 years old or under 20 if they’re in approved training or education.
The Child Benefit is also available to people who foster a child, as long as they don’t receive anything for maintenance or accommodation from a local council. You don’t have to wait until the adoption process is finalized; you can apply once they live with you.
Ultimately, only one parent can claim the Child Benefit. Therefore, you must determine who that will be. It’s often easier to use an accountant; Leatherhead residents want to ensure they’re doing things correctly.
In the 2023 and 2024 years, the Child Benefit is payable at £24 per week for one child and £15.9 per week for all other children.
Where to Get Help
It’s often hard for parents to determine if they’re eligible for the Child Benefit and how to handle this during tax season. Therefore, working with the best accountant Leatherhead offers is ideal. David Beckman & Co Ltd can assist!
