Tax Credits
Child Tax Credit
Child Tax Credit is available to support families with children and is related to your income. It is paid directly into the bank account of the person in the family responsible for looking after the children. A person does not have to be in paid work to receive Child Tax Credit, which means all students with children are eligible to claim. All student parents with gross incomes below £50,000 will be eligible for support through tax credits, many of them for the first time.
Child Tax Credit can be paid for either a child or a qualifying young person. A child is a person under the age of 16. A qualifying young person is a person aged under 20 who is not a child and is;
- in full time non advanced education or
- is undertaking approved training or
- is aged under 18, had ceased full time education or approved training
within the last 20 weeks and has registered for work or training
The amount you may get will depend on your circumstances. It will be paid into your bank account direct from the Inland Revenue every week or every four weeks.
Working Tax Credit (WTC)
This is paid to working people on a low income, with or without children. You must usually be:
- aged 25 or over and work 30 hours or more a week; or
- aged 16 or over, have responsibility for a child, and work 16 hours per week
or more; or - aged 16 or over, have a disability which puts you at a disadvantage in getting
a job, and work 16 hours or more a week.
WTC can offer help towards registered childcare costs, payment will be made of up to 70% of approved childcare costs. To qualify for the childcare element of the WTC a lone parent must work at least 16 hours per week and for couples, both members must work at least 16 hours per week.
For help and advice about Tax Credits ring the Tax Credits helpline on 0845 300 3900, or call into the Student Support and Wellbeing Centre and speak to a Welfare and International Adviser. Alternatively you can find out more by visiting the HMRC Tax Credits website listed below
|
Type of Student Support |
Is it counted as income when applying for Tax Credits? |
|
Maintenance Loan |
No |
|
Tuition Fee Loan |
No |
|
Adult Dependants Grant (ADG) |
Yes |
|
Childcare Grant (CCG) |
No |
|
Parents Learning Allowance (PLA) |
No |
|
Disabled Students Allowance (DSA) |
No |
