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Here’s what you need to know about the changes to tax credit payment dates ahead of the bank holiday

Here’s what you need to know about the changes to tax credit payment dates ahead of the bank holiday
May 25, 2017 Shaking Hands 0 comments
This post was first published by Croydon Advertiser on 24/05/2017.

Here’s what you need to know about the changes to tax credit payment dates ahead of the bank holiday

A bank holiday weekend is approaching, which means changes to the tax credit payment dates for people in Croydon who receive the benefits.May brings two bank holidays, one at the start of the month and the second day off will fall on Monday, May 29.

This means you may be paid earlier than usual if you are entitled to tax credits.

If your usual tax credit payment date is May 29, then you will be paid on Friday, May 26.

What are tax credits?

Tax credits are state benefits that provide extra money to people responsible for children, disabled workers and other workers on lower incomes.

The amount you get is initially based on your current circumstances and your income during the previous tax year.

Child tax credits

The amount of child tax credits you get is dependent on your household income, how many children are living with you and how much money you spend on childcare. You don’t not need to be working to claim this benefit.

Working tax credits

If you don’t have children, you may be eligible for working tax credits depending on your household income and how many hours you work.

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