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Child Tax Credit
The Child Tax Credit is a payment which is made to families with children. It is a means-tested benefit, so the amount that you could expect to receive will depend on your familys individual circumstances.
You can claim the Child Tax Credit whether you are in full-time employment or not, and any savings that you have will not affect your claim. In order to claim, your income must not exceed the income threshold figure (currently £50,000 a year). However, if your level of income does exceed this figure, then your payment may be reduced accordingly.
Do I qualify?
You will qualify for the Child Tax Credit if:
- You are aged 16 or over; and
- You are responsible for a child or children under the age of 16; or
- You are responsible for a child or children under the age of 19, and they are in full-time, non-advanced education; and
- Your gross annual household income is less than £50,000 a year.
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How much will I receive?
The amount of Child Tax Credit that you are likely to receive will depend on your individual circumstances, but the annual allowances are as follows:
£545
..........will be paid as the family element
£545
..will be paid as the baby element (if you have a child under the age of 1)
£1,765
...............for each child
£2,350
..........for each disabled child
£945
.........for each severely disabled child
How do I claim?
In order to make your claim, you will need to complete an application form (TC600). If you are a member of a couple, you should make a joint claim with your partner. If not, you can claim as a single person.
You can obtain an application form by contacting the Inland Revenue help-line by calling 0845 300 3909. Alternatively, you can obtain the form by logging on to their website at www.inlandrevenue.gov.uk/taxcredits, or by clicking your mouse on the following link:
Please click here to download the Child Tax Credit application form (TC600).
Is there anything else I should know?
It is very important to make your claim on time. Your claim can only be backdated for a maximum of 3 months so dont delay, or you could lose out on benefit.
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