@thequidsquid: Some parents are missing out on thousands of pounds of support every year. 👶 💷 Child Benefit can give you £27.05 a week for your first child and £17.90 for additional children. Even if the High Income Child Benefit Charge applies, registering can still protect valuable National Insurance credits towards your State Pension. 🧸 Tax-Free Childcare gives eligible parents an extra £2 for every £8 they contribute, worth up to £2,000 per child each year. Just remember, you can't use it alongside the childcare element of Universal Credit. 🏫 Eligible working parents can also receive up to 30 hours of funded childcare a week from nine months old, potentially saving thousands each year. ⚠️ The £100,000 adjusted net income threshold is particularly important. If either parent goes over it, you can lose eligibility for Tax-Free Childcare and funded hours. Pension contributions can potentially reduce adjusted net income. 💬 Got a question about any of these benefits? Drop it below. #PersonalFinance #financialeducation #childbenefits #parentingtips

The Money Man | Mat

Open In TikTok:

Region: GB

Thursday 10 September 2026 16:33:09 GMT