The number of paid hours you’ve worked in a week and your income as well as circumstances will determine whether you will get Working Tax Credit or not. Working Tax Credit is being replaced with Universal Credit. It served to supplement the income of low-income people in the workforce.
Working Tax Credit has been replaced by Universal credit for many people. It is important to note that you can only make a new claim for Working Tax Credit if you’re eligible for severe disability premium. If you ever try to make a claim on the Working Tax Credit, you will end up being directed to claim Universal Credit instead. Therefore, you will be required to apply for Universal Credit, if you are of the right working age, and Pension Credit, if you are aged enough to qualify for Pension Credit, if you are unable to make a new claim on Working Tax Credit.
As stated above, you will need to work for a certain number of hours to qualify for the Working Tax Credit. The number of hours depends on your age or whether you have a disability or not. If you are aged between 25 and 59 years, you must work for a minimum of 30 hours a week. If you are aged 60 or above, you must work for at least 16 hours a week. The disabled require at least 16 years, the same case applies to single mothers or fathers with at least one child. A child is a person who is under 16. Someone who is in an approved education or training and under 20 is also considered as a child. If you are having a problem with your working hours or any other query about working tax credit, your help is just a Working Tax Credit phone number dial away.
For a couple with at least one child, they will only need 24 hours of working to qualify with one of them working for at least 16 hours a week. However, there is an exception for couples if one of them is disabled or above 60 years. If you’re aged 60 or above or disabled and work for at least 16 hours a week, you can claim. If your partner is incapacitated and you work for 16 hours a week, you can claim Carer’s Allowance. Additionally, the same case applies for people who partners are in hospital or prison.
Work can be misrepresented to mean something else when it comes to making a claim. To avoid that, work is limited to when you serve as a worker or employee for someone else, you are self-employed or a combination of the two. However, not all self-employed people qualify for Working Tax Credit. Self-employment can be considered for the credit if it is aimed at making profit. Simply, it must be commercial, regular as well as organized. That means that you won’t qualify if you don’t work regularly, make profit or don’t have a clear plan on how you are going to make profit, keep business records and follow regulations that apply to your work. Additionally, your work should last for at least four weeks and must be paid including payment in kind. In addition, there is no a cap on income because it relies on your circumstances.