'The number of families hit by curbs to child benefit will surge to more than one in five as 1.4million households lose some or all of the payout by 2022, new analysis reveals today.
The Institute for Fiscal Studies said a million households would lose all of their child benefit with 400,000 losing some of the cash.
Child benefit is currently worth £1,079 per year for the first child and £714 for each subsequent one.
Under reforms introduced in 2013, child benefit is gradually withdrawn from families once household income rises above £50,000.
The income threshold has been frozen since it was first introduced meaning it catches more households every year as inflation and wages rise.
In the first year, the curb hit 13 per cent of families - about a million, of whom 700,000 lost all the money.
The IFS said: 'In other words, the number of families with children who are affected will have risen by about 36 per cent, or 370,000, in just six years.'
If the threshold were price-indexed instead of having remained frozen, the threshold in 2019-20 would then be £55,000, the IFS said.
It predicts that by 2022 more than one in five families with children could be set to lose at least some of their child benefit - up from one in eight when the policy was introduced.'
Read more: More than one in five families will lose child benefit from 2022 as payments freeze sees the number of households hit soar by 370,000
Did you like this article?
Thank you for your vote!
3 May 2015
Planned £12bn Tory welfare cuts will lead to two million a year using food banks, says study
From our advertisers
1 hour ago
UN human rights chief decries US choking of Venezuela as Trump mulls imposing ‘toughest’ sanctions
14 hours ago
Defiant EU chief Tusk sets up dramatic final showdown between May and MPs after insisting Brexit will only be delayed if she can get her deal through Parliament NEXT WEEK
'Renegade' - The Life Story of David Icke (Official Trailer) - 2019 - And where you can see it...
20 February 2019
Australian petition demanding David Icke be allowed into the country passes 15,000 and increasing all the time
From our advertisers