Increase to Working Tax Credits - what this means
23 Mar 2020 03:19 PM
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 £1,045 to £3,040 per year 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. But the increase could mean up to an extra £20 each week.
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.
The tax credits calculator will be updated on 6 April 2020.