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Working Families’ Tax Credit (WFTC)
What is it?
A tax-free weekly benefit for working parents on low or middle incomes. If you have a partner the tax credit can be paid either to you or your partner. The claim needs to be made in the name of the person who wants to receive payment of the tax credit. If you are the non-working member of a couple then the tax credit can be paid directly to you either into a bank account or by order book. If you work for an employer then the tax credit can be paid with your wages or salary. The Inland Revenue (tax office), will notify your employer how much tax credit to pay you, but your claim is confidential and they will not tell your employer what the tax credit is for.
The payment is made as part of your tax, so it will show as a credit on your pay slip. For example; if you normally pay £30 a week tax on your wages and you get £40 a week WFTC you will be paid £10 tax credit instead of having £30 tax taken off your wages.
Who gets it?
Families (including one parent families) with at least one child under 16 (or up to 19 if studying A levels or equivalent full time), where one parent works 16 hours a week or more. The more children you have and the older they get, the more you can earn and still get WFTC.
On your Child Benefit letter of award or benefit book there is a personalised message which tells you how much your family can earn and qualify for WFTC.
For more information you can ring the WFTC helpline on 0800 597 5976.
How much is it?
It depends what your income is, how many children you have, how old they are, and whether you pay for registered childcare. If your income is less than £90 a week you get the maximum amount. You get less if you have savings of over £3,000, and you will not get WFTC if you have savings over £8,000.
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