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Sunday, April 5, 2020

Increase to Working Tax Credits – what this means

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The government has announced that Working Tax Credits payments will be increased from 6 April 2020 – find out what’s happening and who this affects.

As part of a number of measures to support the country during the coronavirus (COVID-19) pandemic, Working Tax Credits payments will be increased by £20 per week from 6 April 2020 until 5 April 2021.

The amount a claimant or household will benefit from will depend on their circumstances, including their level of household income.

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But the increase could mean up to an extra £3,040 in the 2020 to 2021 tax year.

If you claim Working Tax Credits, you don’t have to take any action or contact HMRC – the increase in your payments will start from 6 April 2020.

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