There are 360,200 in-work families in London in receipt of child or working tax credits which average at £7,717 per year, figures show. It suggests more households than ever are seeking subsidised financial help to support falling wages, as inflation continues to outstrip household budgets. The highest average annualised value per household per year is in Hackney with £9,316. The lowest is for City of London at £6,123, the GMB Union said. Other areas in the top ten for the highest annual average amount in child or working tax credits per household are: Tower Hamlets £8,765, Enfield £8,121, Brent £7,920, Wandsworth £7,895, Camden £7,883, Barnet £7,859, Barking and Dagenham £7,827, Newham £7,803, and Haringey £7,787. In the UK there are 2,713,400 in-work families receiving an average of £6,753 a year in child or working tax credits. New claims for housing benefits in all areas will be dealt with via Universal Credit by the … [Read more...] about 360,000 working families now claiming Child and Working Tax Credits in London
Can you claim child support on taxes
IF you’re out of work, you may be able to claim Jobseeker’s Allowance (JSA) while you look for a new job. We take a look at how JSA works, and how to apply for it if you’re receiving Universal Credit. What is Jobseeker’s Allowance? There are two types of Jobseeker’s Allowance (JSA): income-based, and contribution based, which is also called the ‘new style JSA’ for those getting Universal Credit. Both types pay the same amount but the process of applying for them is different. For income-based JSA, the amount you are entitled to is based on you or your partner’s income. If you work 16 hours or less per week on average, your partner works less than 24 hours per week on average, and if you and your partner have £16,000 or less in savings you may be able to apply. If you have never worked before, this is the only kind of JSA you can apply for. Contribution-based JSA, which is available if you’re on Universal Credit, is based on … [Read more...] about Can you claim Income-based Jobseeker’s Allowance, and is it included in Universal Credit?
THOUSANDS of British parents could be missing out on a tax break worth as much as £2,000 a year, it has emerged. The Government has pulled £600million out of a scheme meant to help parents pay the sky-high cost of childcare. It came after hundreds of thousands of eligible Brits failed to claim any cash from the programme. Ministers were today blasted for failing to ensure children get "the best possible start in life". Tax-Free Childcare was introduced last year and is intended to make childcare cheaper for nearly all working parents. Most people who work at least 16 hours a week, have children aged 11 or younger and earn less than £100,000 are entitled to claim. The Government refunds claimants £2 for every £8 they spend on childcare - effectively meaning the care they buy is exempt from tax. The Treasury estimates that a total of 1.5million are eligible to take part in the scheme. But just 235,000 Brits have opened accounts on the website used to administer … [Read more...] about 1million parents could be missing out on tax break of up to £2,000 – are you one of them?
IF you're on a low income or out of work then you could be entitled to extra benefits or entitlements. We take a look at Income Support, how you can apply and if you're eligible. What is Income Support? Income Support helps people who do not have enough to live on. It is only available to those who do not getand are not in full time employment. It is a means-tested benefit which means that your income, saving and any of sources of cash are taken into account. The amount you get depends on your circumstances - but if you qualify and have no income you'll get at least £57.90 a week or £3,010.80. You could get up to £73.10 a week if you're single or £114.85 a week if you're in a couple. Are you eligible for Income Support? You must be over 16 but under Pension Credit age. One of the following must apply to you (or your partner if you have one) No income or low income and no more than £16,000 in savings You are not in full-time work (less than 16 hours a week and … [Read more...] about Can you claim Income Support, is it included in Universal Credit or other benefits?
The date you receive child benefits and tax credits is changing next week due to the upcoming Bank Holiday. Child Benefit and Tax Credits are usually paid every four weeks on Monday or Tuesday, but there are different payment dates if there is a bank holiday. Child Benefit can be paid weekly if you're a single parent or in receipt of other benefits like Income Support. Tax Credit payments are made every week or every four weeks. And according to Hull Live, a government announcement has said: "If it’s a bank holiday anywhere in the UK your payment may be early." When will benefits be paid in August? Payments due on Monday, August 27 will be paid on Friday, August 24. When will they be paid for the rest of the year? The dates for tax credit payments will also change in December. Any payment due on December 25, December 26 or December 27 will be paid on December 24. Those due on December 28 will be paid on December 27. Enjoy our money-saving tips? Keep in the know here Payments due … [Read more...] about Child benefits and tax credit payments dates will change in August