A 2009 newborn stands to gain from the changes - so long as the extra money is used for his or her CTF.
Increasing child benefit could lead to increased inflows into Child Trust Funds (CTFs), an industry group has predicted.
CTF provider The Children's Mutual issued the comments following the adoption of new child benefit levels by the government. From today, parents receive £20 a week for first-borns and £13.20 for each other child.
In 2008, these payments stood at £18.80 and £12.55 respectively.
The Children's Mutual calculated that, if all these extra benefits were put into a child trust fund, 2009 newborns would gain an extra £15 billion in CTF savings.
David White, chief executive of The Children Mutual said: "For those who can afford to do so, we urge them to save at least part of their Child Benefit for the long-term future so they and their offspring don't miss out.
"Using some Child Benefit to top up a child, or children's, CTF account is a perfect example of how a ‘little and often' view of child savings can bring real benefits over the long term."
CTFs were introduced by the government in 2005. They work by parents investing a small lump sum when their child is born, with the option to continue payments into the fund over the course of their offspring's childhood.
The child can only gain access to their fund when he or she turns 18.
