In-Work Tax Credit
The In-Work Tax Credit is a financial benefit designed to support low-income workers in the United Kingdom. It provides additional income to those who are employed but may still struggle to make ends meet. This credit aims to encourage employment by supplementing earnings, making work more financially rewarding.
Eligible individuals can receive the credit based on their income and family circumstances. The amount varies depending on factors such as the number of hours worked and the presence of children. This initiative is part of broader efforts to reduce poverty and promote self-sufficiency among working families.