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UK households claiming Child Benefit are set to receive a bit of extra cash this month due to new payment rates, with some expected to receive their money on Friday. Child Benefit is
distributed by His Majesty's Revenue and Customs (HMRC) to eligible parents or guardians who are responsible for raising a child under the age of 16, or under 20 if they remain in
approved education or training. Only one individual can claim the benefit for a child, but there's no limit on the number of children you can claim for. The benefit provides families an
allowance for each child, which is paid every four weeks, and also grants claimants National Insurance credits which count towards your State Pension. Child Benefit rates were increased in
April, at the commencement of the new tax year, meaning claimants will now benefit from slightly higher payments each month. Under the new rates, you'll receive £26.05 per week for one
child - which totals to £1,354.60 over a year - and each additional child gets £17.25 per week. So, if you have two children, you'll receive £2,251.60 per year and those with three
children will get £3,148 per year. But there's no limit - other than the Benefit Cap - which means if you had four children, or five, and so forth, you could get even more than £3,148,
with £897 for each additional child. Parents claiming Child Benefit typically receive their payments from HMRC every four weeks, on either a Monday or Tuesday. For one child, this amounts to
£104.20 per month, while each additional child brings in £69 per month, reports the Express. However, the payment schedule changes when it coincides with a bank holiday. HMRC explained:
"Child Benefit is usually paid every 4 weeks on a Monday or Tuesday. There are different payment dates if it's due on a bank holiday." They advise: "You can work out when
you're next going to get Child Benefit by counting 4 weeks forward from your last payment. Do not count forward if your payment was due on a bank holiday - the dates are
different." HMRC also notes that bank holidays can cause payment delays, stating: "Your payment might be delayed if the bank is closed for a public holiday on the day HM Revenue
and Customs (HMRC) pays you. Check with your bank for the date you'll get your payment."
