PARENTS whose teens are staying on in education after getting their GCSEs this week need to tell HMRC or risk losing up to £1,067 a year in child benefit. The Sun reports
All parents earning less than £50,000 are eligible to claim this amount for their first child, while they get £712.40 a year for any additional children.
But child benefit payments automatically stop on the August 31 or after your child turns 16, which is next month for those getting GCSE results this week.
The latest figures from HMRC reveal around 200,000 parents still need to get in touch. Last year, 29 per cent of parents missed out.
Read more and what to if you’ve still haven’t returned your form to HMRC Parents warned to reapply for child benefit as 200,000 could risk losing £1,000 a year
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