Working Tax Credit will increase in 2023 by 10.1% to help tackle the cost of living crisis. See the table below for more information about how Working Tax Credit claimants will be affected by the payment increases. The government announced the payment increases for Working Tax Credit claimants in response to the cost of living crisis in the Autumn Statement 2022.
2023 Working Tax Credit Increase
| Working Tax Credit | Payment Changes |
|---|---|
| Working Tax Credit Basic Element | Increased by 10.1% |
| Couple and lone parent element | Increased by 10.1% |
| 30-hour element | Increased by 10.1% |
| Disabled worker element | Increased by 10.1% |
| Severe disability element | Increased by 10.1% |