Thresholds for child benefit increase so what does this mean for you?
Summary
The government has announced a significant rise in child benefit thresholds, impacting families nationwide. Effective immediately, the income thresholds for eligibility have surged by £5,000. This means more families will now qualify for this crucial financial support. For instance, a family with one child can earn up to £60,000 per annum, while those with two earn up to £70,000. This boost aims to ease financial burdens on middle-income families, offering them a lifeline amidst rising living costs. With these adjustments, countless families stand to benefit, ensuring a more equitable distribution of support across the populace.
Finance Monthly
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