New child tax credit available for families earning up to £58,000 a year Working family tax cred...
New child tax credit available for families earning up to £58,000 a year
Working family tax credit now applies to couples without children, providing they earn less than £280 per week or £14,000 per year.
The same new tax credit will also apply to single people who earn less than £200 per week or £10,000 a year.
Child credit will be raised with earnings for the rest of parliament - £54.24 per week for the first child and £92.75 per week for two child families.
Families with two children earning up to £35,000 to get up to £50 a week childcare help.
For the first year of child's life new tax credit will be available to families earning up to £66,000 a year.
£2.5bn extra for working families. Lone parents guaranteed £179 a week and help with childcare. Guaranteed income of £237 a week for working families with children.
The Basis State Pension will rise by at least £100 a year for a single pensioner and £160 a year for pensioner couples in 2003-04, guaranteeing the BSP will rise each year by 2.5% or the increase in the September RPI, whichever is higher.
'Damage is done at the moment the pension is transferred...'
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