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.
Child benefit is withdrawn if the income of the higher-earning partner reaches £80,000 a year. Single parents have complained the system is ‘unfair’. Stock image (Getty Images) The system has ...
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 ...
Rachel Reeves has dropped plans to overhaul the way child benefits are calculated for higher earners, leaving open the risk that single parents are unfairly penalised. Rachel Reeves has dropped ...
Promoted cards do not include input from individual authors. For single parents, these responsibilities compound. If you're a single parent, you're certainly not alone: There were an estimated 9.8 ...
Child support is an important system that aims ... a staggering $1.7 billion is owed to a third of single-parent households, representing 475,000 children. The vast majority of this money is ...