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Tax Credits

Tax Credits are payments from the government.  These payments are made to individuals through the tax system.  They may just reduce the amount of tax you pay or they may mean you pay no tax and actually receive some money from the Government.

Working Tax Credit
Working Tax Credit is money paid to people who are working and whose household income is below a certain level. You can be employed or self-employed to receive Working Tax Credit.

Find out more about Working Tax Credit.

Child Tax Credit
Child Tax Credit is a means-tested allowance. It is paid to parents and carers of children and to some young people who are still in education.

Child Tax Credit is a means-tested allowance. It is paid to parents and carers of children or some young people who are still in education.

You are entitled to receive Child Tax Credit if you or your partner:

  • are aged 16 or over and
  • are responsible for at least one child or for some young people who
    are still in education and
  • if your household income is below £58,000 a year (or £66,000 if there
    is a child of less than 12 months)

The amount of Child Tax Credit that you are entitled to receive is made
up of different elements. These elements are:

  • A family element- this is paid to any family with responsibility
    for at least one child. This element is £545 in 2010/11
  • A child element - this is paid for each child or qualifying young
    person in the family. This element is £2,300 in 2010/11
  • Further elements for 2010/11:
    • Family element, baby addition: families are entitled to this
      addition in the first year of a child's life. This element is £545
    • Disability element: £2,715
    • Severe disability element £1,095

For more information on tax, see our section in Where money goes.

 

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