child tax credit, and child benefit

textbook

How much does someone get when on child tax credit a month?   Is it £324/month.   How about the child benefit payment?  The one everyone gets

sheramber

https://www.gov.uk/child-benefit

Do you already claim tax credits? If not you cannot make a new claim now. Any claim is under Universal Credit.

peteuk

Child benefit is now limited depending on your wage.   It is also dependant on the amount of children you have.  It’s £24 a week for your first child and then £15.90 for the second. 

Dazed_and_C0nfused

peteuk said:

Child benefit is now limited depending on your wage.   It is also dependant on the amount of children you have.  It’s £24 a week for your first child and then £15.90 for the second. 

Child Benefit is not means tested.

Some people will have to pay some or all of it back if their adjusted net income is £50,100 or more but that does not prevent you from getting it in the first place.  Even if it's essentially just a medium term interest free loan from HMRC.

Yamor

Child Tax Credit for a single child born before April 2017 is £3784.44 for the year.

Assuming no overpayments or reduction due to income, then that would be paid either weekly at about £72/week or 4-weekly at about £291/4weeks.

The monthly equivalent is about £315.

Amounts actually received can be different in practice, as the annual amount will be split over the number of payment days left in the tax year.

FIREDreamer

Dazed_and_C0nfused said:

peteuk said:

Child benefit is now limited depending on your wage.   It is also dependant on the amount of children you have.  It’s £24 a week for your first child and then £15.90 for the second. 

Child Benefit is not means tested.

Some people will have to pay some or all of it back if their adjusted net income is £50,100 or more but that does not prevent you from getting it in the first place.  Even if it's essentially just a medium term interest free loan from HMRC.

Which shows it is means tested because if your adjusted income is too high you have to pay it back.

textbook

Yamor said:

Child Tax Credit for a single child born before April 2017 is £3784.44 for the year.

Assuming no overpayments or reduction due to income, then that would be paid either weekly at about £72/week or 4-weekly at about £291/4weeks.

The monthly equivalent is about £315.

Amounts actually received can be different in practice, as the annual amount will be split over the number of payment days left in the tax year.

Interesting.   And how much is child benefit for the primary carer?

poppy12345

textbook said:

Yamor said:

Child Tax Credit for a single child born before April 2017 is £3784.44 for the year.

Assuming no overpayments or reduction due to income, then that would be paid either weekly at about £72/week or 4-weekly at about £291/4weeks.

The monthly equivalent is about £315.

Amounts actually received can be different in practice, as the annual amount will be split over the number of payment days left in the tax year.

Interesting.   And how much is child benefit for the primary carer?

£24/week for the first child. £15.90/week for any additional children. https://www.gov.uk/child-benefit/what-youll-get

sheramber

textbook said:

Yamor said:

Child Tax Credit for a single child born before April 2017 is £3784.44 for the year.

Assuming no overpayments or reduction due to income, then that would be paid either weekly at about £72/week or 4-weekly at about £291/4weeks.

The monthly equivalent is about £315.

Amounts actually received can be different in practice, as the annual amount will be split over the number of payment days left in the tax year.

Interesting.   And how much is child benefit for the primary carer?

It tells you in the link quoted in the second post.

textbook

sheramber said:

textbook said:

Yamor said:

Child Tax Credit for a single child born before April 2017 is £3784.44 for the year.

Assuming no overpayments or reduction due to income, then that would be paid either weekly at about £72/week or 4-weekly at about £291/4weeks.

The monthly equivalent is about £315.

Amounts actually received can be different in practice, as the annual amount will be split over the number of payment days left in the tax year.

Interesting.   And how much is child benefit for the primary carer?

It tells you in the link quoted in the second post.

So she's getting £96 plus £320 plus my £200.   That's a pretty nice sum on top of her salary.  

Jyana

textbook said:

sheramber said:

textbook said:

Yamor said:

Child Tax Credit for a single child born before April 2017 is £3784.44 for the year.

Assuming no overpayments or reduction due to income, then that would be paid either weekly at about £72/week or 4-weekly at about £291/4weeks.

The monthly equivalent is about £315.

Amounts actually received can be different in practice, as the annual amount will be split over the number of payment days left in the tax year.

Interesting.   And how much is child benefit for the primary carer?

It tells you in the link quoted in the second post.

So she's getting £96 plus £320 plus my £200.   That's a pretty nice sum on top of her salary.  

Not really, when you consider how much it costs to raise a child. The average is more than £1k/month up to the age of 18 years old once you factor in food, housing, clothes, energy, education, childcare, hobbies, etc. Therefore she is covering around 40% to half of that cost, and you about half of what she is.