A Tax credits have been replaced by Universal Credit. Working Tax Credit is for working people on a low income. It is based on the hours you work and get paid for, or expect to get paid for. You can claim whether you’re an employee or a self-employed person.
Is working tax credit based on joint income?
The amount and type of income you (and your partner, in a joint claim) have will affect how much tax credits you might get. The rules are the same whether you are claiming child tax credit (CTC), working tax credit (WTC), or both.
Do you need to work out your income for tax credits?
Find out what income you need to include in your tax credits claim or renewal. When you claim tax credits you’ll need to give details of your total income. You’ll also need to work out your income when you renew your tax credits each year.
When to claim child tax credit and working tax credit?
Child Tax Credit and Working Tax Credit do not affect Child Benefit payments, which we pay separately. Child Tax Credit supports families with children. This can include children until their 16th birthday and young persons aged from 16 but under 20 years old. You can claim whether or not you are in work. The amount you get is based on your income.
How much tax credit do I get per year?
With Working Tax Credits you are entitled to a basic amount worth up to £2,005 per year, and you might get extras on top. The amount you are entitled to depends on when your children were born.
How many hours do you have to work to get working tax credit?
work at least 30 hours a week. be 25 or older. If you’re in a couple and don’t have children you must: work at least 30 hours a week. be 25 or older. However, if you’re disabled and work, or if you have children, you might be eligible for working tax credit if: you’re 16 and over; you work at least 16 hours a week
