Millions of families claiming Child Benefit is set to receive increased payments.

HM Revenue and Customs (HMRC) announced that the boost comes into effect this Saturday, April 6.

Families with one child will now receive up to £1,331 a year, which is an annual increase of £83.20.

For each extra child, the yearly benefit increases by £54.60, up to £881.

Parents will receive £102.40 every four weeks, which is £25.60 per week, for the first or only child, and £67.80 every four weeks (£16.95 per week) for each additional child.

There is no limit to how many children families can claim for and families with ongoing claims do not need to contact HMRC, as the increased benefit payment will continue to be paid directly into their bank accounts.

Angela MacDonald, deputy chief executive and second permanent secretary at HMRC, said: "The increase in Child Benefit rates for existing claimants is automatic and families do not need to contact us.

"New claimants should apply online or using HMRC’s app."

Additionally, from April 6, families whose highest earner has a salary of up to £60,000 a year will not be subject to the High Income Child Benefit Charge (HICBC).

This is a change from the previous threshold where an annual income of £50,000 or more would require families to pay if they or their partner were receiving Child Benefit.

Laura Trott, chief secretary to the Treasury, said: "We are ending the unfairness in the child benefit system, and as a result 170,000 families will no longer have to pay back child benefit, and nearly half a million families will save an average of around £1,300 next year."

Claiming or updating details can be accomplished online or through the HMRC app.

New parents are encouraged to claim online as early as possible and could receive their first payment within three days.

More information can be found on GOV.UK.

Search ‘High Income Child Benefit Charge.’