child benefit into childs account

elzie

I used to get all my child benefit and WFTC paid straight into my kids account before i was broke and had to use it!

ianian99

bootman wrote:

My sons child benefit gets paid directly into a nationwide smart account. Its my name re his name.

Its been like that since he was born

same here too

seven-day-weekend

bootman wrote:

My sons child benefit gets paid directly into a nationwide smart account. Its my name re his name.

Its been like that since he was born

Legally that is your account. I had one for my son when he was small and was told that for tax/benefits purposes the money in it was mine until he could legally take the account over at age 7, at which time my name was taken off it.

evilwitch

bootman wrote:

My sons child benefit gets paid directly into a nationwide smart account. Its my name re his name.

Its been like that since he was born

same with me. Been that way for 7 years and they've just increased it due to baby no2 arriving on the scene so if its slipped through first time then it did it again

bargain_babe

coventry B.S do a good account called Family 1st, where you have two accounts, one for savings at around 5% and one for child benefit where you get a good rate of interest for the first year of above 7%, thereafter both drop by 1% but still very good, so why not do that and when your child is old enough transfer it all into their account?

Spendless

GeorginaAlexi wrote:

does anyone know why I cant have my daughters child benefit paid directly into their accounts? after all its their money.
many thanks

My understanding was it is to do with you getting HRP (Home Responsibilities Protection)

CIS

My understanding was it is to do with you getting HRP (Home Responsibilities Protection)

HRP has nothing to do with the accts the money is paid in to to, it is recorded on the claimants, ie the parents/guardians, record.