A MAJOR change to child benefit for thousands of parents could help families save some cash.
Most parents in the UK can claim the benefit which can top-up their incomes by £1,000’s every year.
Child benefit is currently worth £24 a week for the eldest child or only child, adding up to £1,248 a year.
For each subsequent child, parents get £15.90 a week – or £826.80 a year.
But if you earn over £50,000 you’ll be liable for the High Income Child Benefit Charge.