One-parent and large families the biggest losers
Under the new arrangements, the extra child benefit paid for third and subsequent children will be reduced to the standard rate of €140 per month currently paid for first and second children.
The reduction will take place in phases over the next two years, cutting €19 per month off the rate paid for a third child and €17 from fourth and subsequent children next year with further cuts of €8 and €20 respectively in 2013.