The consumer champion also warned parents could be missing out on a vital State Pension boost when they retire.
Martin Lewis is urging families to make sure they are not missing out on Child Benefit payments or the valuable National Insurance credits attached to the monthly payment. During his latest BBC Radio 5 Live Podcast, the consumer champion told listeners how a new report has revealed that a staggering 750,000 families are missing out on more than £2,000 a year, on average.
The consumer champion told listeners: “Recent stats came out that 750,000 families are missing out on an average of £2,000 a year in Child Benefit. It is a monthly payment for those with parental responsibilities for children under-16 and those with children under-20 in full-time education. He continued: “Some new parents don’t realise you must register for Child Benefit - simply registering your child’s birth isn’t enough - you register for Child Benefit separately.”
He said: “Many people earning over £60,000 don’t claim Child Benefit, for some that is a mistake. What you should actually do is register for Child Benefit and then tick the box that says ‘I don’t want to be paid’.
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