Government Pensions - Updates and Information
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Increased Child Benefit Payments
Millions of families who claim Child Benefit will automatically receive increased payments from 6 April 2024. HM Revenue and Customs (HMRC) has confirmed the changes, which will see the weekly rate for the first child increase from £21.80 to £23.40, and the weekly rate for each subsequent child will increase from £14.45 to £15.60.
Government Pension Scheme (GEPF) Benefit Calculations
The GEPF benefit calculator should be used for GEPF benefit calculations. For any other fund's benefit calculations, please contact the Government Pensions.
WEB Solid Track Record in Protecting Pensioners against Inflation
The WEB has a solid track record in protecting pensioners against inflation. The annual increase in the WEB pension has consistently exceeded the rate of inflation, ensuring that pensioners can maintain their standard of living.
How to Calculate Child Benefit
To calculate your Child Benefit entitlement, you can use the Child Benefit calculator on the GOV.UK website. This calculator will take into account your income, the number of children you have, and your child's date of birth.
High Income Child Benefit Charge
The High Income Child Benefit Charge changes from next week. This charge applies to families where one parent earns over £50,000 per year. If you think you may be affected by the charge, you can use the High Income Child Benefit Charge Calculator on the GOV.UK website to see how it may affect you.
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