The special child allowance will be credited to beneficiaries’ accounts in two installments. The first payment is scheduled by June 30 and will cover children born through the end of 2024, while the second will be made in August to cover births on or after January 1, 2025, based on the amounts reported on this year’s tax returns.
A prerequisite for parents with children born after January 1, 2026, to receive the allowance is that they must obtain a Tax Identification Number by August 10.
As tax specialist Arleta Velissarakou pointed out to ERTNews “Eligible recipients will receive the child allowance without having to submit an application; the income criteria from the 2024 tax return will be used to determine eligibility, and to receive the allowance, they must have their account number listed on their tax return.”
The amount of the benefit is determined based on the number of children. A family with one child will receive 150 euros, with two children 300 euros, and with three children 450 euros, while the maximum amount can reach 900 euros.
To qualify for the child allowance, income criteria must be met, with the threshold increasing by 5,000 euros for each child.
For a married couple with one child, the threshold is 40,000 euros; for two children, it is 45,000 euros; and for three children, it is 50,000 euros.