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the budget.......child benefit

(8 Posts)
lilsmum Wed 16-Mar-05 19:05:17

whats all that about child benefit going up to £63 a week?? dont understand that, i get £66 a mth, anyone understand it?

swiperfox Wed 16-Mar-05 19:18:27

Havent heard yet but wouldnt that be brill???!!!

sacha3taylor Wed 16-Mar-05 19:21:48

Is that £63 per child? I've got 3!!!!!!!!!

pixiefish Wed 16-Mar-05 19:22:09

The child tax credit will rise by 13 per cent over the next three years in line with earnings. Including child benefit, families will get up to £63 a week for the first child and £111 for two children. says it here

pixiefish Wed 16-Mar-05 19:23:10

think that's all the benefits added together

Twiglett Wed 16-Mar-05 19:26:05

its the budget speech

"So today I can now announce that payments for children under the child tax credit will rise each year in line with earnings and over the coming three years by a total of 13 per cent. Including child benefit, rising in this period from the £28 a week we inherited to a maximum of £63 a week for the first child and £111 a week for two children. So with our new system of tax credits offsetting income tax liabilities the effective point at which a family with two children starts paying income tax which was £15,000 in 1997 is now £21,200 and from April 2007 will be over £22,000 – tax credits effectively wiping out income tax liability until earnings of £430 a week.

pixiefish Wed 16-Mar-05 19:28:07

Does that mean the £10 a week child tax credit and the £16 something familly allowance is going up or is there another benefit that adds onto that for families on a low income????

lilsmum Wed 16-Mar-05 20:13:39

i read that but still dont understand it

twiglett.... i apologised to you on the baby gravy thread, have a read

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