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Tapering on Tax credits
TCannoyed
Posts: 18 Forumite
Can anyone tell me or point me in the right direction for a table showing how the tax credits taper off based on how much you earn?
The main question i have is does the WTC taper off gradually to zero before the CTC starts to taper off?
The main question i have is does the WTC taper off gradually to zero before the CTC starts to taper off?
0
Comments
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Yes, once you reach just over £5,000 WTC tapers off at a rate of 37%, when that reaches zero WTC childcare tapers, then CTC.
irs0
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