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child tax credit

(8 Posts)
loulabelle222 Mon 30-May-05 19:45:59

i understand working tax credit? but is it a set rate for child tax credit? or is it different due to your circumstances? if it is a set rate how much is it?

Bugsy2 Mon 30-May-05 19:56:58

loulabelle222, I think that child tax credit depends on how much your childcare is currently costing you, while you are working. Not entirely sure how they work out the percentages.

marne Mon 30-May-05 19:57:31

i think if you earn more than 20,000 a year you get less, if thats any help.

purpleturtle Mon 30-May-05 19:58:47

Bugsy - that must only apply to the childcare credit element.

I think it's a set amount per child, double for a child under 1, but then on a sliding scale according to income, if that makes sense. ?

starshaker Mon 30-May-05 20:14:00

if u got to the inland rev site and put in ur details it will calculate how much u get then u can apply online. i did it and i had the money in the bank within a week

starlover Mon 30-May-05 20:19:57

it isn't only to do with childcare. I don't use any childcare for ds but still get nearly £1000 a year!

Bugsy2 Mon 30-May-05 20:26:33

Ok, I stand corrected - obviously more to it than just childcare costs loulabelle222!

starlover Mon 30-May-05 20:30:37

i was surprised actually... we're on a good wage, no childcare... wasn't expecting to get anything at all!

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