Working Tax Credit
The Working Tax Credit is a government benefit in the United Kingdom designed to support low-income workers. It provides financial assistance to individuals and families who are in paid employment but earn below a certain threshold. The amount received can vary based on income, hours worked, and personal circumstances.
To qualify for the Working Tax Credit, applicants must meet specific criteria, such as working a minimum number of hours per week. This credit aims to encourage employment and help individuals maintain a better standard of living despite lower earnings.