Universal Credit and Welfare Tax Credits: Children
(asked on 30th January 2018) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how much her Department plans to allocate from the public purse to the childcare element of (a)tax credits and (b) universal credit in each of the next five years.
HMRC currently estimate spending around £1.2bn per annum on the childcare element of Working Tax Credit. This figure will decrease as tax credits claimants gradually move across to Universal Credit, and spending on childcare under Universal Credit will increase accordingly.
The profile of spending on childcare in Universal Credit is as follows:
Ann. cost 17/18 | Ann. cost 18/19 | Ann. cost 19/20 | Ann. cost 20/21 | Ann. cost 21/22 |
£100m | £300m | £800m | £1200m | £1500m |
Notes:
The figures in the table above are derived from internal DWP models, and costs have been rounded to the nearest £100 million.
Further information on spending on childcare on Universal Credit can be found at paragraph 5.10 and table 5.4 of the Welfare Trends Report which can be accessed at: