Fight against child povertyThe government is to bring forward an increase in child benefit to help in its fight against child poverty, Mr Darling announced during his Budget 2008 speech. From April 2009 to rate for the first child will rise from £18.80 a week to £20. There will be an increase in the child element of the Child Tax Credit by £50 a year on top of the normal index-linked increase from April 2009 to further help low to middle income families. Also, child benefit will be disregarded in calculating income for housing and council tax benefit from October 2009. The government says this will improve work incentives for many of the lowest paid families and boost their incomes. The government calculates that a working family with one child on the lowest incomes will gain up to £17 a week from this change. Levels and bases of, and reliefs from, taxation are subject to change. |
|
| Content of the articles featured in this digital publication is for your general information and use only and is not intended to address your particular requirements. They should not be relied upon in their entirety and shall not be deemed to be, or constitute advice. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles. For more information please visit www.goldminepublishing.com | Go Back |