Child benefit abroad: What financial experts should know

Child benefit abroad: What financial experts should know

Since 2024, new regulations have applied to child benefit, especially if the child is studying abroad. According to a report by www.wiwo.de The entitlement to child benefit remains as long as the child is registered in Germany and spends the semester break primarily at home. The article also explains the requirements for continuing child benefit when studying at home or abroad.

According to a report by www.wiwo.de, there are some other factors to consider. For example, child benefit can continue to be received even if the child continues studying to improve their grade, even though the study goal has already been achieved. With a dual course of study, it doesn't matter whether the child has already completed the apprenticeship and works more than 20 hours per week, as long as the course is part of the initial training.

These new regulations may have an impact on the market and the financial industry. First of all, parents and students who benefit from these regulations could be financially relieved. By continuing child benefit in certain situations, families could receive additional financial support. On the other hand, insurance companies, banks and other financial service providers could adapt their products and services to respond to the changing regulations. It is important that financial professionals and advisors inform their clients about these new developments and help them adapt their financial strategies.

Overall, financial professionals should keep an eye on the impact of these new regulations and advise their clients accordingly to ensure they can benefit financially.