the budget.......child benefit

[lilsmum]

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

[swiperfox]

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

[sacha3taylor]

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

[pixiefish]

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]

think that's all the benefits added together

[Twiglett]

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]

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]

i read that but still dont understand it

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