independent

Monday 21 April 2014

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

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.

Also in this Section

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Top Stories

Most Read

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News