The government has abandoned some of the planned cuts to Tax Credits announced in the Summer Budget 2015. Other cuts to tax credits will go ahead, for example limiting the Tax Credits payable to two children for new births from April 2017 and not applying the family element for new claims also from this date.
The government's Spending Review and Autumn Statement 2015 proposes-
Tax Credits: maintain taper and income threshold
Universal Credit: uprate Minimum Income Floor with National Living Wage
Universal Credit: updated delivery schedule (excluding impact on HMRC operational measures, which do not form part of the distributional analysis)
Housing Benefit: limit social sector rates to the equivalent private sector rate
Pension Credit Savings Credit: freeze
Housing Benefit and Pension Credit: limit temporary absence
Click below to get free guides(from our members' area)-
Guide to Benefit Changes in the Autumn Statement and Spending Review 2015
Revised at a glance Guide to the Benefit Changes in the Summer Budget 2015
Book now for our updated Introduction to Welfare Benefits 2016 course.