Mr Frank Field MP is considering taxing this benefit: is he correct?
Rates
| Child Benefit – £ per week |
| Rates |
Jan 2009 |
April 2010 |
| Eldest/Only Child |
£20.00 |
£20.30 |
| Other Children |
£13.20 |
£13.40 |
Other rates and allowances Tax Credit/Child Benefit
In the end it may be better to Tax it than axe it…..
Means Testing is also seen as a poor option because it would stigmatise the benefit resulting in those that ought to claim not claiming. In addition the administrative costs of setting up and managing this process would be astronomical.
Increasing Child Benefit
Far from reigning in the cost and expanse of this benefit The Make Child Benefit Count Campaign is calling for an increase in the benefit.
My view is that Child benefit should be increased to a flat rate of £22 a week for all children, which could be off-set by taxing this higher rate and removing eligibility to child tax credit (CTC) for better-off families. This would improve the incomes of poorer families and reduce child poverty.
According to IPPR this will lift 350,000 children out of poverty.
(see IPPR http://www.ippr.org.uk/pressreleases/?id=3997
Simply cutting the benefit is not the answer.
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Yes Minister's Blog 
Child Benefit – lets increase it!!
Posted in THE GRAPEVINE! news, comment & a bit of gossip, Welfare to Work, tagged benefit, child benefit, child tax credit, ctc, increase child benefit, JCP making work pay, welfare reform on June 14, 2010| 7 Comments »
Mr Frank Field MP is considering taxing this benefit: is he correct?
Rates
Other rates and allowances Tax Credit/Child Benefit
In the end it may be better to Tax it than axe it…..
Means Testing is also seen as a poor option because it would stigmatise the benefit resulting in those that ought to claim not claiming. In addition the administrative costs of setting up and managing this process would be astronomical.
Increasing Child Benefit
Far from reigning in the cost and expanse of this benefit The Make Child Benefit Count Campaign is calling for an increase in the benefit.
My view is that Child benefit should be increased to a flat rate of £22 a week for all children, which could be off-set by taxing this higher rate and removing eligibility to child tax credit (CTC) for better-off families. This would improve the incomes of poorer families and reduce child poverty.
According to IPPR this will lift 350,000 children out of poverty.
(see IPPR http://www.ippr.org.uk/pressreleases/?id=3997
Simply cutting the benefit is not the answer.
Read Full Post »