Tax Credits

Attention: open in a new window.

Finance - Getting what you are entitled to

What are tax credits?

Tax credits are payments from the government. If you're responsible for at least one child or young person who normally lives with you, you may qualify for Child Tax Credit. If you work, but earn low wages, you may qualify for Working Tax Credit.

Who can get tax credits?

Nine out of ten families with children get tax credits, but you don't need to have children to qualify. You may also qualify if you are working and earning low pay

How much do you get?

The amount of tax credits you get depends on things like:
·       how many children you have living with you
·       whether you work - and how many hours you work
·       if you pay for childcare
·       if you or any child living with you has a disability
·       if you're aged 50 plus and are coming off benefits

Your payments also depend on your income. The lower your income, the more tax credit you can get.

Child Tax Credit

Child Tax Credit is an income-related allowance for parents and carers of children or young people who are still in full-time education. Nine out of ten families with children qualify for Child Tax Credit.

Working Tax Credit

If you're working more than 16 hours a week and you're on a low income, you may be able to get Working Tax Credit too.The Working Tax Credit includes a specific element to support the cost of registered or approved childcare for working parents. The childcare element can help with up to 80 per cent of your eligible childcare costs.There are limits on the weekly costs you can claim. If you pay childcare for:
·         one child, the maximum you can claim is £175 a week
·         two or more children, the maximum is £300 a week

For more information and to see if you qualify, please go to visit the HMRC Website by clicking on the logo below;

Add this page to your favorite Social Bookmarking websites