FinanceFinance News
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Child benefit cap for high earners to be watered down.
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- Category: Finance News
- Written by The Telegraph
George Osborne is to preparing to water down plans to strip middle class families of child benefit in an attempt to head off a back-bench rebellion.
The Chancellor had previously said that from January 2013 anyone earning above the 40 per cent tax rate threshold of £42,745 a year, would lose child benefit.
700,000 middle class families to be stripped of child benefit.
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- Category: Finance News
- Written by The Telegraph
Nearly 700,000 middle class families are to be stripped of child benefit in just over a year’s time, according to new estimates.
The figures are thought to be the first forecasts on the extent of the Government’s decision to cut child benefit for well-off families.
Registering eligible children for Free School Meals good for school
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- Category: Finance News
- Written by DadTalk
If your child is eligible for Free School Meals, it's worth registering them. This is because schools receive a 'Pupil Premium' - an extra payment for each eligible child which they can spend on services to help them do their very best. Registering might also get you extra help for things like music lessons or school trips.
Gap years 'are funded by parents'
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- Category: Finance News
- Written by The Press Association
Students are increasingly turning to the "bank of mum and dad" to fund their gap year travel.
Nearly half of 17-25-year-olds look to their parents for more money if they run out during trips, a survey by currency company Moneycorp found.
Financial crisis could be 'worst ever'
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- Category: Finance News
- Written by BBC.CO.UK
Bank of England governor Mervyn King has said this financial crisis could be the worst the UK has ever seen.
