HMRC has shaken up the Child Benefit rules and it means parents earning less than £60,000 annually can claim up to £2,214 per year - in a major Cost of Living boost.

New research has shown that there are many parents who are missing out on the full Child Benefit amount they are entitled to due to a recent rule change

The Lifetime ISA is often used by young savers to build a deposit to buy a property or help fund a decent retirement - but withdrawing cash for any other reason can spark a big penalty fee

The DWP will pay bonus payment to claimants on a string of benefits before the end of the year.

This Christmas bonus was introduced by the DWP in 1972 - but families have criticised it as an 'insult' as the payment has not ever been permanently increased since its launch

The total value of Lifetime Isa withdrawal charges rose by 40 per cent in 2023-24 to £75.2 million in 2023-24, according to new figures released by HMRC.

954000 basic rate taxpayers will be forced to hand over cash to HMRC, AJ Bell has found, after a Freedom of Information Act (FOI) request.

In the 2023 to 2024 tax year, the number of savers being penalised rose by 30 per cent year-on-year from the previous financial year.

The income threshold for Child Benefit payments eligibility has been increased from £50,000 to £60,000, mums and dads have been told.

The total value of Lifetime Isa (Lisa) withdrawal charges hit just over £75.2 million in 2023-24 nearly 40% higher than the previous year when they totalled £54.3 million.

A Christmas bonus will be paid to DWP benefits claimants as we head deeper into the winter months.

HMRC has increased the income limit so that someone can earn up to £60,000 and still claim the payment

UK parents are being urged by Lowell to check their eligibility for the HMRC Child Benefit payment as the income threshold is hiked.