Tax Credits for Havebury Tenants
what are they and who can claim them?
Tax credits are made up of two parts; child tax credit and working tax credit.
Child Tax credit is payable for a child that you are in receipt of child benefit for and worked out based on household income.
Working tax credit is payable to people with or without children but you need to work a minimum number of hours to qualify. If you are a single parent, have a disability or are over 60 you will need to work 16 hours per week. Between the ages of 25-59 you will need to work a minimum of 30 hours and for a couple it is 24 hours between the couple one of which working at least 16 hours.
Further help is out there if you are looking to get into work and worry that you will not be able to afford childcare costs. The tax credit system will pay up to 70% of the costs of an approved childcare provider up to a maximum of £175 for one child and £300 for two or more. So for example if a single parent with one child has to pay £120 per week in childcare costs £84 will be paid to you in tax credits towards the fees.
If you are a household with children and working then you could qualify for both the working and child tax credit and it depends on how much you earn as to how much you will receive.
If you have not claimed tax credits before and would like to know if you are entitled you can contact Havebury’s welfare and benefits service on 01284 722120 or visit their website and click on benefits to find out more or use their tax credits calculator.