Tax credit rules will change tomorrow & £500 bonuses will be issued soon – check now

For working tax credit recipients, the basic element of payments was increased by £1,045 per year to £3,040 from April 6 2020.

However, this ends from today, April 5 2021.

Additionally, if a claimant is part of a working household that receives tax credits, they may be eligible for a new one-off payment of £500.

This new payment was introduced to provide extra support when the aforementioned temporary increase to working tax credit comes to an end.

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