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tax credits and child benefit new tax year

Does the amount of child benefit go up in the new tax year?

Does the earnings limits for tax credits rise in the new tax year?

Comments

  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    asandwhen wrote: »
    Does the amount of child benefit go up in the new tax year?

    Does the earnings limits for tax credits rise in the new tax year?

    Child benefit is going up yes. We've got 2 kids and ours is going up from £116.60 to £120.80 every 4 weeks.

    not sure about the tax credits tho sorry.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Yes, the first child has gone up from £17.45 to £18.10, and the second child from £11.70 to £12.10 - the lone child element has been removed.
    No longer using this account for new posts from 2013
  • CoopCooper
    CoopCooper Posts: 25 Forumite
    Part of the Furniture Combo Breaker
    Tax credits.
    The income threshold for those only claiming CTC goes up by £350 year (from 14155 to 14495)

    Here's the rates table:

    http://www.hmrc.gov.uk/rates/taxcredits.htm
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