Kindergeld child bonus: As part of its latest coronavirus financial support package, the German government announced that families would receive a one-off payment of €150 per child.
The Kindergeld child bonus payment to families will arrive in May, according to a draft of the financial aid law, viewed by Handelsblatt newspaper.
“For every child that is entitled to child benefit in May 2021, a one-time payment of €150 will be paid out in May 2021,” the draft law states. We wrote about it HERE.
The cost of the Kinderbonus to the federal government will come to roughly €2.1 billion.
Last year parents received a payment of €300 per child in two instalments, as the state tried to kick start consumer spending after the first lockdown.
READ MORE: Changes in Germany 2021: Kindergeld, Minimum wage, petrol price, solos, pensions
The Local.de reported that Families with small and medium incomes are to benefit, as the payment will not be offset against other family or social benefits – but it will be offset against parents who receive tax relief (Kinderfreibetrag).
Angela Merkel’s Christian Democrats, the CDU’s Bavarian sister party the Christian Social Union and the Social Democrats – agreed last Wednesday to provide billions in support for families, low-income earners, businesses, plus the hospitality and culture industries.
Source: Local.de, Afronews.de