Working Tax Credit when you reach 50

Angelmarie_2

Hello All,

Can somone confrim to me what the 50 plus element is in WTC ?
Am I right in thinking that you will only get this element if you are 50 and returning to work ?

I will be 50 in April and have been getting WTC (no other elements) for 3 years in my job for 3 years

Thanks

merlin68

Wasn't that one of the cuts in the emergency budget?

Murgatroyd21

For those returning to work having been in receipt of certain benefits for at least six months and over 50.

Angelmarie_2

Thanks

And heres me thinking when I reached 50 my tax credits would increase !!!!!!

Never mind ! I will just have to find me a better paid job !!!!

themonkeybutler

And as someone above mentioned, it IS being cut. I think in April 2011, but possibly 2012. Defo on its way out though.

Indie_Kid

themonkeybutler wrote: »

And as someone above mentioned, it IS being cut. I think in April 2011, but possibly 2012. Defo on its way out though.

You mean:

removing the one-off payment for new workers over 50 from April 2012

From Direct Gov, June 2010 budget. ( http://www.direct.gov.uk/en/Nl1/Newsroom/Budget/Budget2010/DG_188501 )