What the donkeys are WTC?

mqandy

I keep hearing about Working Tax Credits - especially on MSE - but have simply ZERO idea what they are.

I heard the conservative party planning to limit them to people on incomes under £50,000 - which defiantly includes me - but I don't exactly feel poor on £31,000 and I've never seen a tax credit...

Looking on an official government-type website when searching for 'working tax credits' has left me with even less of an idea of what they are than before!

Something to do with child benefits, no?

Please do enlighten me!

Indie_Kid

You get them to top-up your income. People without children can get them.

karenx

its for people on a low income, ie under 17k so it rules you out.

mqandy

Thanks, much clearer. Why don't they just say that??

Any idea how families on £50k would be getting it tho?

(old article, but mentions it... http://www.timesonline.co.uk/tol/news/politics/article6175460.ece)

iamana1ias

mqandy wrote: »

Thanks, much clearer. Why don't they just say that??

Any idea how families on £50k would be getting it tho?

(old article, but mentions it... http://www.timesonline.co.uk/tol/news/politics/article6175460.ece)

It's child tax credit that's payable up to about £50k (not working tax credit).