Which Child/Mother Benefits?
Millions may lose out in reform of child benefits According to the above report in Times(Online) : "Frank Field, appointed by the coalition last week, is also looking at taxing child benefit and allowing parents to receive payments of up to £25,000 in the first three years after a child’s birth. In an interview with The Times, the former Labour minister said that the benefit, which costs the taxpayer £11 billion a year, should be linked more closely to the child’s age. "Poorer parents are eligible for payments worth up to £100,000 in both child benefit and tax credits by the time a child is 19, according to Mr Field. "He said there was a clear case for providing more money in the early years to help mothers to stay at home after their child was born — a policy also backed by Iain Duncan Smith, the Work and Pensions Secretary." It is great to have a chunk of a child benefit up front to make it easier for mothers (or perhaps fathers as well?) to stay at home to give t...