Child Benefit uplift comes into effect

Income thresholds increased for 'the first time in a decade'

The treasury minister says changes to the child benefit are about 'putting money back into the pockets of working families'.

A 2.2 percent uplift comes into effect from today (7 April), whilst income thresholds are increasing for the first time in a decade.

Those with a household income between:

• £50,000 and £60,000 are eligible for the full amount of £28.65, worth an extra £7.61 a week for each child in their family

• £60,001 and £70,000 are entitled to £21.49, up an extra £7.46 a week for each child in their family

• £70,001 and £80,000 are entitled to £14.33, up an extra £7.32 a week for each child in their family

• £80,0001 and £90,000 are to be eligible for support and able to claim £7.16 a week for each child in their family

Almost 5,800 families on the Island currently receive the benefit, around two-thirds of which have a household income under £50,000.

Alex Allinson says the additional funding won't be taken from reserves, and will be 'a help' towards combatting inflation and the rising cost of living:

You can listen to the full interview with Minister Allinson via the Manx Radio Newscast below: