What Is Child Tax Credit?
Child Tax Credit is a means tested benefit paid to parents and carers who have at least one young person under 16 registered as living at their address. Although the benefit is means tested you can currently claim some money if you earn well above that national average income. Higher earners will - however - be able to claim less than lower earners. Couples can claim for the benefit to be shared between them and single people who are sole carers for a child can claim. In the case of a separated couple the money will be paid to the person with the main responsibility for childcare. Additional payments are also available to people with a new baby.
What Is Working Tax Credit?
Working Tax Credit is a scheme of payment designed to top up the earnings of those on low incomes. Payments are means tested and lower earners receive higher amounts of Tax Credit. Other factors taken into account in calculating the money include your age and how many hours a week you work. Unlike the other benefits outlined on this page you do not need to have children to claim Working Tax Credit, although people with children are likely to be able to claim more. To qualify for Working Tax Credit you must be at least 25 years old and working at least 30 hours per week. You can claim Working Tax Credit if you are 16 years old or above and responsible for the care of at least one child and working at least 16 hours per week.
What Do I Do Next?
To check into your eligibility for Child Tax Credit and Working Tax Credit contact the tax credit helpline on 0845 300 3900 between 8 am and 8 pm.