Shownotes
The treasury minister says changes to the child benefit are about 'putting money back into the pockets of working families'.
A 2.2 percent uplift comes into effect from today (7 April), whilst income thresholds are increasing for the first time in a decade.
Those with a household income between:
• £50,000 and £60,000 are eligible for the full amount of £28.65, worth an extra £7.61 a week for each child in their family
• £60,001 and £70,000 are entitled to £21.49, up an extra £7.46 a week for each child in their family
• £70,001 and £80,000 are entitled to £14.33, up an extra £7.32 a week for each child in their family
• £80,0001 and £90,000 are to be eligible for support and able to claim £7.16 a week for each child in their family
Almost 5,800 families on the Island currently receive the benefit, around two-thirds of which have a household income under £50,000.
In this edition of the Manx Radio Newscast, Treasury Minister Alex Allinson discusses the changes - and responds to criticism from the IOM Medical Society over plans to implement an NHS levy.