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Working Tax Credit
The Working Tax Credit is a means-tested payment, which is designed to top-up the earnings of working people on low incomes, including those who do not have children.
The Working Tax Credit is available to employees and the self-employed, and there are extra amounts available for working households in which someone has a disability, and it also includes support for the costs of qualifying childcare.
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Do I qualify?
You will qualify for the Working Tax Credit if:
- You are aged 16 or over, work 16 hours or more each week and you are responsible for a child; or
- You are aged 16 or over, work 16 hours or more each week and you have a disability for which you are receiving a qualifying benefit; or
- You are aged 50 or over, work 16 hours or more each week and you have started work up to three months before you make a claim, and for the six months before starting that work, you had been receiving certain benefits; or
- You are aged 25 or over and you are working for 30 hours or more each week
How much will I receive?
The amount of Working Tax Credit that you are likely to receive will depend on your individual circumstances, but the total amount that you can claim will be worked out by adding together the various elements that apply to your situation. The elements and the annual allowances are as follows:
£1,665
.......will be paid as the basic element
£1,640
......will be paid as the second adult element
£1,640
......will be paid as the single parent element
£680
.......will be paid as the 30 hour element
£2,225
...........will be paid as the disability element
£945
.........will be paid as the severe disability element
£1,140
will be paid as the 50+ element, working at least 16 hours but under 30
£1,705
..will be paid as the 50+ element, working 30 hours or more each week
Up to £175 a week
....will be paid as the childcare element, for 1 child
Up to £300 a week
...will be paid as the childcare element, for 2 or more children
The percentage of childcare costs covered by the Working Tax Credit is 80%
How do I claim?
In order to make your claim, you will need to complete an application form (TC600). If you are one 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 Working 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!
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