Working tax credit is a great help for millions of people and it’s eligible for all those who don’t want to apply for the Universal Credit and are not deemed fit to apply for Child Tax credit. Although it has all sorts of different conditions it’s relatively easy to apply for it and it provides a great deal of money for those in greatest needs for it.
Let’s see the key conditions for applying for a Working Tax Credit:
If you are between 16 to 24 years old with a child
If you are between 16-24 years of age with a qualifying disability
If you are over 25 years old with or without children
As for work the following conditions apply:
You cannot opt for working tax credit if you do not have a legal workplace
You must prove to work a certain hours per week
Your income must be below a predefined minimum amount
To make application easier you can also apply for a working tax credit when you are on leave or before you are to start a new job (you must however hold paper about getting the job for sure).
The full amount of Working Tax Credit is GBP 1960 per year at a maximum. It’s up to your current income, marital status and family status to know how much exactly you would get. You can use the online credit calculator to help you let you know how much credit you can opt for. You can also call the Working Tax Credit Phone Number if you have any questions about the application or if you are unsure what documents you need. The total amount of credit may also vary according to how you apply (alone or with your partner). Let’s see some of the basic sums below
As you can see there are tons of different ways and forms of paying the Working Tax Credit. Also bear in mind that this is a credit which needs to be paid back. There are several other benefits that are not to be paid back someone can get approved for. Read more on the government’s homepage (gov.uk) on all the benefits one can apply for. Note that Universal Credit and Working Tax credit close each other out. You can only apply for one of them.