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Working Tax Creditchanges from April 2012Child Tax Creditchanges from April 2012childrenYou must work a total of 24 hours betweenyou, with one of you working at least 16hours per week. If only one of you works,that person must work at least 24 hoursper week. You may try to change yourworking hours so you can still receive thisbenefit. There are a few exceptions to theserules to account for age or disability.The income limit to receive Child Tax Credithas changed and now depends on yourown circumstances and income. As a veryrough guide, you might not be able to getChild Tax Credit if:− you have one child, and your annualincome is more than around £26,000− you have two children, and your annualincome is more than around £32,200The extra amount of Working Tax Creditscalled the ‘50-plus element’ will no longerexist. If you are aged 50 or over, work lessthan 30 hours per week, are not disabled ordo not have children you will be affected bythis change.or overWhen the 50-plus element stops you, oryour partner must work at least 30 hoursper week, if you have no children, tocontinue receiving Working Tax Credit.The basic family element of £545 will bewithdrawn quicker from higher earningfamilies. Many households earning £40,000or slightly more during 2011/12, receivingat least some of the family element,will find themselves without Tax Creditsin 2012/13. However those with largerfamilies, or who spend a lot on formalchildcare, could still be entitled to somepayment.If you’re responsible for at least one child:you’ll still qualify for Working Tax Credit ifyou’re: week, or working hours rules for couples withchildren (see Working Tax Credit:New working hours for couples withchildren).
Other changes to Tax Credits from April 2012You must report all change ofcircumstances as soon as they happen.However, if your income goes down by£2,500 or less your payments won’t changefor the current tax year.If your income goes down by more than£2,500, the Tax Office will recalculate yourTax Credits for the current tax year.Contact usreducedIf a change in your circumstances meansyour payments should go up, the maximumamount of time your Tax Credits paymentscan be backdated reduces from threemonths to just one month.Whether you’re making a new claim, orreporting a change which means yourTax Credit payments will increase, makesure you get the information in on timeso you don’t miss out on money youcould have had.Many organisations and services offer free, independent advice including:T: 01484 414886W: www.knh.org.ukFor help with housing benefit and council taxbenefitE: T: W: For information about working age benefits likeEmployment and Support AllowanceT: W: www.direct.gov.ukFor Tax Credit informationT: For housing options, or help with homelessnessE: T: W: For advice on all benefits and Tax CreditsE: T: For help with a wide range of topics includingbenefits and housing issuesE: 0844 848 7970W:
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