Child Benefit Concerns

Changes to Child Benefit affecting families with someone earning more than £50,000 a year could put families under strain, Bevan Foundation Director Victoria Winckler has told BBC Wales’s Good Morning Wales (5th January 2013) and the Western Mail.  

She said: “The gradual withdrawal of benefit from people earning more than £50,000 a year will adds to the financial pressure faced by many families. Although £50,000 is well above average income, these families are undoubtedly feeling the pinch – especially if there is just one person in the household earning this amount.

“There can be few people who can afford to lose the £1,752 a year a family with two children gets in child benefit, at a time when costs are rising. Many employees have not had a pay rise for several years while transport costs, energy bills, food prices and childcare costs have shot up.”

Read more: Wales Online http://www.walesonline.co.uk/news/wales-news/2013/01/04/wales-to-be-hit-hard-by-today-s-child-benefit-changes-warn-experts-91466-32542725/#ixzz2HHugHZGd