Total entitlements paid for Working for Families tax credits

In the 2022 tax year, Working for Families tax credits (WFF) came to a total of $2,771 million. This number is a 4.4% decrease from the 2021 tax year.

This graph has 2 lines the first shows the total entitlements paid for all WFF between 2001 and 2022, the second shows the total entitlements of the Family Tax Credit (FTC) paid between 2001 and 2022. The vertical axis shows the total entitlements paid in dollar millions. The horizontal axis shows the income tax years between 2001 and 2022. In 2001, entitlements to WFF totalled $1,037 million. For the next 4 years, total entitlements fell year on year to total $932 million in 2005. Between the 2005 and 2010, entitlements paid for WFF increased to $2,751 million. From 2010 to 2018, total entitlements to WFF declined year on year to $2,238 million in the 2018. Between 2018 and 2020, total entitlements increased to $2,928 million, but have fallen year on year since then to total $2,771 million in 2022.

The above graph shows the total entitlements paid for WFF between 2001 and 2022. The total entitlement paid has increased from $1,037 million in the 2001 tax year to $2,751 million in the 2010 tax year following changes in the WFF entitlements during this period and the introduction of the In Work Tax Credit (IWTC) in 2007. Between 2010 and 2018, total entitlements for WFF declined to $2,238 million in 2018. Following 1 July 2018 reforms to WFF and the introduction of the Best Start Tax Credit (BSTC), total entitlements to WFF increased to $2,928 million in 2020. Entitlements to WFF declined in the 2021 and 2022 tax years and totalled $2,771 million in 2022.