Working Tax Credit 2024: What is Working Tax Credit? How to Claim? Payment Amount

Check the details about the Working Tax Credit 2024: What is Working Tax Credit? How to Claim? Payment Amount here.  The Government of the UK has been providing support to parents who need to work as well as take care of their children. The complete details about the Working Tax Credit are shared in this article.

Working Tax Credit 2024

The working Tax credits are used to increase income and to top up their salary if they are earning and have low income. The working credit has been replaced by the Universal credit. However, the individuals applying for them will receive the amount of the specified deposit. The eligibility and the other criteria are also the same.

The working credit is managed by the HRMC organization. The individuals applying for the allowance should provide the details of their circumstances within 30 days of the incidents. The acceptable incidents are losing a job, losing a child, or starting to work less than 16 hours per week.

What is a Working Tax Credit?

The tax credits are the payment by the government and administered with HRMC. There are two types of credit: the child and the working tax credit. If the individual is the parent of a single child, they would be relieved of the child credit. If they are working as a full-time employee and have a child to take care of, they are eligible for the working credit.

Working Tax Credit

The credit covers all the facilities of the child’s expenditure. It also covers the daycare and the after-school care expenses of the child. The amount of the deposit depends upon the number of hours the parents have spent with the child. In case of shared custody, both the parents will have the would share of the credit. The tax credit available for the years 2024 to 20205 will depend upon the circumstances of the current year.

Working Tax Credit Eligibility,

There are certain eligibility criteria that the candidates need to follow to receive the amount. The basic requirement is that the individuals should be the receivers of the child tax credit.

Some of the self-employed candidates may not be eligible to apply for the allowance. They need to make and show their profit margin in order to receive the benefit amount. The business associated should be commercial, regular, and organized.

The hourly duration spent with the child is them mandatory factor for the eligibility of the allowance. The Duration spent with the child, along with the circumstances, are shared in the table below.

Circumstance Hours a week
Aged 25 to 59 At least 30 hours
Aged 60 or over At least 16 hours
Disabled At least 16 hours
Single with 1 or more children At least 16 hours
Couple with 1 or more children Usually, at least 24 hours between you (with 1 of you working at least 16 hours)

there are certain exceptions added for the single parents or the senior guardian of the child. The requirements are applicant must work at least 16 hours per week.

If they are above 60 years old or are disabled. If one of the partners is impaired and requires the Carer’s support for daily activities.

How to Claim Working Tax Credit?

The application for the working tax credit has been stopped. Instead of working credit, individuals should apply for Universal credit. Universal credit has replaced all the minor and major allowances provided to seniors.

The candidates who are the recipients of state pension recovery can apply for the Allowance through Pension credits. If the minimum income of the self-employed candidates is less than the national average income, the authors of HRMC will request to provide additional documents to prove their employment. The documents asked about our business records, business plan, details about the day-to-day running of the business, and the evidence that the business will grow and have a great profit margin.

Working Tax Credit Payment Amount

There is no set income for the working tax credit. The amount of the allowance completely depends upon the circumstance and the number of hours spent with the child. Families with dependent or foster child care will receive around 70 percent margin of the child care tax credits. The amount is provided to each dependent child in the household. The details about the child and the amount deposited are shared in the below table.

Number of children If you pay up to: You could get up to:


£175 a week

£122.50 a week

Two or more

£300 a week

£210 a week

If the individuals are already claiming the child credit and the working tax credit for the single child. They need to update the details bout the second child to the HRMC through the Tax Credit Helpline Number. Under the pay-as-you-go system, the amount will be credited throughout the year.

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