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PPI claim news: Child benefits may be taken away from Britons

Up to 680,000 British families could be looking to see if they are eligible to claim compensation having been mis-sold payment protection insurance (PPI), as their child benefit payments may be taken away from them.

According to bosses at rural insurer NFU Mutual, changes to the way childcare benefits are issued are being lined up by the Treasury for 2013.

Around 180,000 of the overall number are families that only have one earning parent and those who have two children could be losing up to £1,750 a year.

Personal finances specialist at the company Sean McCann said that although nothing concrete has been announced by chancellor George Osborne as yet, proposed alterations could make a "big dent" in many people's household income.

"We know that change to the child benefit system is coming for families paying 40 per cent income tax," he remarked.

A successful PPI claim could give families a major financial boost and the Financial Ombudsman Service recently stated that the organisation received a huge surge in cases in the last quarter of 2011.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.ADNFCR-2776-ID-801271804-ADNFCR

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