Chancellor Rachel Reeves has defied calls to reform child benefit and change the way it is calculated – which money expert Martin Lewis branded “bad news” for single-earner families.
Due to a quirk of the system, a two-parent household earning a joint £110,000 would keep more of their child benefit than a single parent earning £60,000.
Chancellor Rachel Reeves has defied calls to reform child benefit and change the way it is calculated – which money expert Martin Lewis branded “bad news” for single-earner families.
Many believe this system unfairly penalises higher-earning single parents. A household that has two parents each earning £59,000 - a total of £118,000 - will receive child benefit in full ...