Parents who make less than £60,000 a year are eligible to receive up to £2,214 yearly due to a change in HMRC regulations. This is because the income threshold for qualifying for Child Benefit payments was raised from £50,000 to £60,000, reports Express. As a result of the change, parents are now being advised to verify if they qualify for ways to reduce school-related expenses, rather than depending solely on high-interest credit. HMRC Update Offers Parents Increased Child Benefit to Help with School CostsAccording to research by financial institution Lowell, 54% of parents in the UK depend o…