BENEFIT BLOW

Six reasons HMRC can stop your child benefit payments – and how to avoid them

We explain how you could be affected

MOST parents of kids under 16 get child benefit, which is a payment designed to help with the costs of raising a family.

But sometimes these payments can be abruptly stopped - and you might not realise why.

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There are several reasons your payments could be stoppedCredit: Getty

The benefit is paid every four weeks and is worth £1,331.20 a year for the eldest or only eligible child, and £881.40 each for each additional child.

It also gives valuable National Insurance credits, which can be used to build up your state pension entitlement.

For instance, a stay-at-home parent would get a year’s worth of credits which counts as 1/35th of the full new state pension.

You need at least ten years to get any state pension at all.

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There are lots of things that can impact your entitlement to child benefit, including pay rises, separations and divorces, and what your child chooses to do when they turn 16. 

Here’s the full list of things that can stop your payments and how to make sure you’re not missing out unnecessarily.

If you or your partner starts earning over £60,000 a year

Once either you or your partner starts to earn more than £60,000 a year, you start losing some of your child benefit. It is paid back via the higher earner, who will need to fill in a self-assessment tax return.

This amount is tapered between £60,000 and £80,000. If either you or your partner earns £80,000 or more, you need to pay all of the child benefit money back.

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If you’re just over the thresholds, you might want to increase your pensions contributions to bring you back under the limit. 

The thresholds and calculations are done based on your adjusted net income (ANI), which is how much you earn from employment and things like rental income and savings interest, but deducting Gift Aid charitable donations and pensions contributions.

This means that by throwing a few extra thousands of pounds into your retirement fund each year, you can boost your financial security in later life and still get the child benefit payments.

If you’re significantly over the threshold or you can’t afford to give up some of your take home pay for your retirement, you’ll need to pay the child benefit fee. You should set aside money to do this, so it’s not a shock at the end of the tax year.

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If one partner is a stay-at-home parent and the other earns over £80,000, you can choose to get the National Insurance credits, but not receive any of the money, which can cut down on the admin and means you don’t have to pay anything back.

When your child turns 18

If your child heads off to university or gets a full-time job, your child benefit payments stop, as this no longer counts as approved education or training.

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