It may be possible to get money from the government if you’re having a baby.
The Sure Start Maternity Grant offers a one-off £500 payment to help towards the cost of having a baby.
To qualify for this grant, you’ll need to be:
- Expecting your first child or expecting a multiple birth (such as twins) and you already have children
- You and/or your partner already receive certain benefits (Pension Credit, Income Support, Universal Credit, Income-based Jobseeker’s Allowance, Income-related Employment and Support Allowance, Child Tax Credit, Working Tax Credit)
The grant must be claimed within 11 weeks of the baby’s due date or within 6 months after the baby’s birth.
If you don’t fit into this criteria, you won’t be eligible for this grant.
However, the government offer many benefits that can be claimed by parents to help with the cost of raising a child.
(This information is correct as of 04/02/2020. For further information you can visit the government website).
What financial benefits can I get for having a baby?
There are certain benefits you can claim from the Government to help with the cost of raising a child. These include:
Child benefit is a payment made to parents which can help towards family budgeting.
You can claim child benefit for each of your children, regardless of whether you’re in work or not.
Each child must be under 16 or under 20 if they’re in full-time education.
Payments are tax-free as long as neither parent/guardian earns over £50,000 a year.
You’re still able to receive this benefit if your salary is over £50,000 but you’ll be required to pay some back in your income tax.
As of 2020/2021, claimants are eligible to receive £21.05 a week for their first child and £13.95 a week for each additional child.
Child tax credit
Child Tax Credit is a type of benefit used to help low-income households with the cost of raising a child.
However, it’s one of the six benefits being replaced by Universal Credit. This means that new applicants will need to apply for the child element of Universal Credit, rather than Child Tax Credit.
This can allow you to claim back up to 85% of eligible childcare costs up to a maximum of £646.35 for one child and £1,108.04 for two or more children.
If you’re already claiming Child Tax Credit, you’ll need to change to Universal credit before March 2023.
If you or your partner are receiving the Severe Disability Premium you can still make a new claim for Child Tax Credit.
Tax-Free Childcare is a government scheme that will help working parents with the cost of childcare.
It can help to pay for registered childminders, nurseries and nannies, as well as registered afterschool clubs, playschemes and holiday schemes, registered schools and home care workers working for a registered home care agency.
To be eligible, parents must be working and have children under 12 (or under 17 if your child has a disability), earn at least £139.52 per week, have no more than £100,000 adjusted net income (per year, per parent), be employed or self-employed.
You can apply online by setting up a childcare account on gov.co.uk.
For each £8 you pay into your childcare account, the government will pay in £2 up to a maximum of £2,000 per child or £4,000 per disabled child each year.
You can’t use Tax-Free Childcare at the same time as Universal Credit.