Saturday 18 April 2015

Child benefit cuts will see four-child family lose out by €696

Published 06/12/2012 | 05:00

CHILD benefit has been slashed by up to €240 a year per child – meaning a family with four children will lose out by €696 under swingeing cuts.

The monthly payments have been cut by between €10 and €20 per child, depending on how many are in the family.

For the first two children, the rate is being cut from €140 to €130 each a month.

It will drop from €148 to €130 for the third child, and from €160 to €140 for the fourth and each subsequent child.

The Government said it will save €136m a year, but that it would provide additional money for low-income working families, including an extra €14m for after-school childcare places.

Higher child benefit payments for twins, triplets and other multiple births will not be affected beyond the general rate cuts despite pre-Budget speculation they would be axed.

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