Child Tax Credit 2 Child Amount Uk. You dont need to be working to claim Child Tax Credit. If you earn more than this the amount of child tax credit you get reduces.
Introduction If you have children or are working as an employee or a self-employed person whether or not you also have children. 5 WTC2 Child Tax Credit and Working Tax Credit. So if you earn 20000 youll earn 3520 over the threshold 3520 x 41p is 144320 which is how much child tax credit youd lose per year.
Thats 300 per month 3600 12 for the youngest child and 250 per month 3000 12 for the older child.
2 child limit policy. You dont need to be working to get child tax credit. Using this table if your income is 15000 a year and you have two children but are not eligible for Working Tax Credit you could receive an annual Child Tax Credit award of 5660 equivalent to 10885 a week. Thats 300 per month 3600 12 for the youngest child and 250 per month 3000 12 for the older child.