650 thousand families are set to receive the payment which is part of the cost of living package announced in Budget 2024.

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It means that parents will get 280 euro per child.

Stephen Moffatt, Bernardos National Policy Manager says it will make a big difference to families who are struggling.

‘It’s nearly 2 years since the start of the cost of living crisis came about so families have been really struggling for a long period of time.  The reserves have run out.  This will alleviate some of those financial pressures for a short period as I said allow parents to provide essential items for their children which is slightly concerning that they need this lump sum to do that.’