I am a bit bamboozled. I am trying to work out my finances for when I have my baby in January 09. I can't understand from the direct.gov website the following:
Are child tax credits and Working tax credits the same thing and worked out and paid as one sum, or can a person claim for one/both??
When I went to look to see if I would qualify on their website it only said "Tax credits" and took information regarding my salary, working hours and children and gave me an annual sum. So is that everything I would get for those factors??
Really hope this makes sense! I've confused everybody I've spoken too! :D
Working tax credits - you have to work at least 16 hours per week to be eligible.
If you have children and don't earn much you can be eligible for Child Tax credits as well.
If you don't work, have children, and only have a small income (e.g. benefits), you could be eligible for Child Tax Credits on their own.
If you receive CTC you also qualify for an NHS exemption certificate.