Business Legal

On Working Tax Credit : Who Is It For, How To Apply For It, And How Can It Help You ?

Working Tax Credit is a wonderful initiative on part of the British government to help supplement the income of hardworking but poorly paid men and women, who typically put in many hours of low income work each day, and often hold more than one job to provide for themselves and their families. We discuss the various aspects of this benefit, so that the information presented may be useful to a young person seeking to supplement his or her income, but unaware of the benefits that the government has in store for him or her. We start off with the basics of Working Tax Credit.
Working Tax Credit :

Working Tax Credit is a supplementary payment given by the British government to a working person with a lowly paid job. To qualify for this, the applicant has to put in regular hours of work, either as an employee in a business or a factory, or as a self-employed person. However, there is a caveat that the applicant should be able to provide documentary evidence of the hours put in at work. One only gets paid for the hours of work. Unpaid work, or work that cannot be proved with adequate references, does not qualify for benefit under this scheme.

Who Can Apply For Working Tax Credit ?

To apply for Working Tax Credit, the applicant has to be first of all, a British citizen or a long time resident. Recent immigrants to the United Kingdom are not eligible. Further, the eligibility of the applicant depends on his or her age, or the number of paid hours of work put in by him or her per week – that can be proved with legitimate references. The applicant has to be, firstly, at least 16 years of age. If the applicant is between the age of 25 to 59, he or she must produce proof of 30 hours of work per week, if either disabled or over the age of 60, the applicant must have worked for 16 hours in a week. Single men and women with at least 1 child who is under the age of 16, may also qualify despite putting in just 16 hours of paid work in a week. Further, a single person has to have an income of no more than £ 13,000 to qualify, while the income limit for a couple is £ 18,000.

What Are The Benefits Got From Working Tax Credit ?

If the applicant is a single person, or part of a couple, he or she gets a basic payment of £ 1,920 per year. If he or she has a disability, the benefit given is £ 2,955 per year. In case of a severe disability an extra £ 1,220 is added to the disability benefits, per year. In addition, child care is also provided for with £ 122.50 a week given for 1 child and £ 210 a week given in case of 2 or more children.

How To Apply For Working Tax Credit ?

An individual interested in applying for Working Tax Credit may present his or her claim by telephone, using the dedicated Working Tax Credit phone number and contacting the Tax Credit Helpline. The Tax Credit Helpline is open on weekdays from 8 am to 8 pm and on Saturdays from 8 am to 4 pm.

Summary :

For a poor, lowly paid working person, Working Tax Credit is a wonderful way of adding to his or her income. A brief explanation of the basic concepts involved, as well as details on eligibility required and benefits provided are given.

Bio :

Jems is a Sociology student doing research on poverty and development, with a special emphasis on the working class. In course of his research and interviews with the members of the working class, Jems has discovered a growing awareness in this section of the public about Working Tax Credits and even knowledge of related details such as the Working Tax Credit phone number or the various criteria for eligibility.

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