Millions of families who claim Child Benefit will soon be given more money every month. HMRC is increasing payments and benefit thresholds and here’s what it could mean for your household’s allowance. What is child benefit? If you’re responsible for raising a child who is under the age of 16 – or under 20 and still in approved education or training – then you’re entitled to claim Child Benefit. The cash allowance, which is normally paid every four weeks, is only paid to one parent or carer but there is no limit on how many children you can claim for. The money handed out currently stands at £2…