office@ajrandco.co.uk

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Child Benefit for 16 year olds

The deadline to update Child benefit for 16 year olds is the 31st August 2021. Parents/carers should confirm to HMRC whether their teenagers are staying in full-time education beyond 16.

Now GCSE results are know and teenagers are now considering their future it’s time to notify HMRC to determine if parents/carers are still eligible for child benefit payments.

HMRC has sent reminder letters to families receiving child benefit whilst their child was in their last year of education. Payments will be stopped unless HMRC are notified of continuing full-time education.

Records can be updated online or alternatively via post using form 297b sent from HMRC.

Child Benefit is paid to eligible parents or carers who are responsible for a child under 16, or under 20 if they are in full-time non-advanced education or approved training.

Parents or carers receiving Child Benefit and who also have an income over £50,000 (or their partner does), may have to pay the High Income Child Benefit Charge via an annual Self Assessment tax return.

Post Office card accounts are closing. From 30 November 2021, HMRC will stop making payments of Child Benefit, Guardians Allowance and tax credits, into Post Office card accounts. HMRC reminds any Child Benefit or tax credits customers who use this account to receive their payments, that they will need to notify HMRC of their new bank account details. HMRC is encouraging customers to act now so they do not miss any payments once their Post Office account closes. They can contact HMRC’s helpline (0345 300 3900) or use their Personal Tax Account

For further advice speak to AJR & Co Ltd