Quite a few people haven’t bothered to register for Child Benefit because they assumed there was no point because they would only have to repay it.
Reductions in income because of coronavirus may bring them under the threshold where they don’t have to repay all, or part, of the Child Benefit.
If a family is receiving Child Benefit and one member of the family earns more than £50,000, the benefit has to be repaid incrementally until it is 100% repaid when earnings reach £60,000.
Many people who were earning above these thresholds decided that registering for a benefit which had no effect was pointless – so didn’t. Unfortunately, some are now finding that their income has reduced – or will reduce in the coming months. Claiming Child Benefit could, therefore, mean extra household income.
Here’s the catch. A claim can only be backdated for three months. We are at the beginning of May so time is diminishing if you think you may be entitled to Child Benefit for the year, based on your reduced earnings.
As a precaution, because few of us can fortell the future, it may be prudent to submit your Child Benefit claim now.
Help and Support
We are still operating as close to normal as possible. Most staff are working from home and we try to ensure that there is someone in the office to deal with calls and take in documents. Don’t be afraid to contact us. We will do our best to help.
Our existing clients will always take precedence but we don’t want to see anyone suffer so will try to help any business which needs support, possibly because their own accountant isn’t available.
You can contact us on:
Telephone – (01509) 816150
Email – email@example.com
Webform – below
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