Sat 19 Sep 2026
FTSE 100 10,659.13 +0.08%Microsoft 493.78 -0.37%NVIDIA 222.27 +1.82%Apple 336.13 +1.16%Google 344.41 +2.67%S&P 500 7,650.50 -0.08%Nasdaq 26,522.55 +0.72%Dow 51,682.64 -1.69%Russell 2000 2,860.40 -1.50%US 10Y Treasury 5.00% +0.75%Euro Stoxx 50 6,236.20 -0.39%DAX 25,304.06 -1.03%AEX-Index 1,095.09 -0.30%Nikkei 225 65,018.95 +2.40%Hang Seng 24,750.78 -0.22%Gold $4,424.90 +1.68%Silver $67.15 +5.72%Brent Crude Oil $99.29 -6.05%Natural Gas $2.91 +0.55%Copper $6.69 +5.71%GBP/USD 1.3394 -0.98%GBP/EUR 1.1659 -0.06%GBP/AUD 1.8815 -0.50%Bitcoin (USD) $81,123 +7.29%Ethereum (USD) $2,628 +9.54%FTSE 100 10,659.13 +0.08%Microsoft 493.78 -0.37%NVIDIA 222.27 +1.82%Apple 336.13 +1.16%Google 344.41 +2.67%S&P 500 7,650.50 -0.08%Nasdaq 26,522.55 +0.72%Dow 51,682.64 -1.69%Russell 2000 2,860.40 -1.50%US 10Y Treasury 5.00% +0.75%Euro Stoxx 50 6,236.20 -0.39%DAX 25,304.06 -1.03%AEX-Index 1,095.09 -0.30%Nikkei 225 65,018.95 +2.40%Hang Seng 24,750.78 -0.22%Gold $4,424.90 +1.68%Silver $67.15 +5.72%Brent Crude Oil $99.29 -6.05%Natural Gas $2.91 +0.55%Copper $6.69 +5.71%GBP/USD 1.3394 -0.98%GBP/EUR 1.1659 -0.06%GBP/AUD 1.8815 -0.50%Bitcoin (USD) $81,123 +7.29%Ethereum (USD) $2,628 +9.54%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 17°C OvercastBirmingham 16°C OvercastManchester 15°C Light rain showerNewcastle 16°C Light rain showerBristol 15°C OvercastPembroke 17°C Patchy rain nearbyEdinburgh 13°C Light rainBelfast 12°C Patchy rain nearbyInverness 12°C Light rain showerPenzance 17°C Patchy rain nearbyHolyhead 16°C Patchy rain nearbyNorwich 17°C Overcast
More Info

Child Benefit Claims: A Crucial Deadline for Families

Advertisement
Follow News in 60 on Facebook

Around 1.5 million UK households are being alerted by HM Revenue and Customs (HMRC) to take action regarding their Child Benefit claims. Starting from 8 May, parents of teenagers aged 16 to 19 will receive letters reminding them to confirm their child’s education or training plans by 31 August to avoid losing annual payments of £1,406.60. Failure to act will result in automatic cessation of these benefits.

The mechanism behind this warning is that Child Benefit typically ends when a child turns 16 unless parents provide updates on their educational status. This requirement is particularly critical as many families may not realise that without confirmation of continued education, they will lose significant financial support. The letters serve as a proactive measure to prevent families from inadvertently missing out on these payments.

For families in the UK, the loss of Child Benefit could exacerbate financial pressures, especially as many are already facing rising costs in other areas. The £1,406.60 per year can be a vital source of income for households, particularly those with multiple children or those relying on this benefit to cover educational expenses.

Looking ahead, parents should monitor their correspondence from HMRC closely and take immediate action if their teenager is continuing in education. The deadline of 31 August is crucial, and families should not wait for reminders as the consequences of inaction could lead to significant financial strain later in the year.

Sources
gbnews.com

News Category: Money

Leave a comment

Your email address will not be published. Required fields are marked *