Personal Finance

Child Tax Credit rates: How much is Child Tax Credit in 2021?

“Because of the way that system works operationally, we’ll need to do so with a one-off payment of £500.”

People who were claiming Working Tax Credit on March 2, 2021 may be eligible for the tax-free payment.

People who were claiming Child Tax Credit on March 2 may also be eligible for the payment in some circumstances.

The Government website explains: “You may get a one-off, tax-free payment of £500 if, on 2 March 2021, you were getting… Child Tax Credit and were eligible for Working Tax Credit but you did not get a payment because your income is too high to get Working Tax Credit payments”.


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