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Working tax credit
As the name suggests, the Working Tax Credit (‘WTC’) is intended to provide financial assistance to working people on a low income.
This tax credit extends to self employed people (so the relief is available to foster carers) and you do not need to have any children in order to make a claim (although if you have a child – not including a foster child – then your entitlement will be higher to help with childcare costs).
You will qualify for WTC if you work a sufficient number of hours per week:
- If you are responsible for a child (excluding any foster children) or you are a disabled person, or over 50, then you must normally work at least 16 hours per week
- In other cases, if you are 25 or over, then you must normally work at least 30 hours per week.
HMRC would be unlikely to dispute that a foster carer works a sufficient number of hours to qualify for the WTC.