2002 - An Act to make provision for tax credits; to amend the law about child benefit and guardian’s allowance; and for connected purposes

Policy Field: 
Working Life
Activation Policies for the 50+
Major Implications of the Reform: 

The act made provision for a new tax credit, the Working Tax Credit, which streamlined and merged a number of support schemes for families and workers including the adult elements of the Working Families Tax Credit, Disabled Person’s Tax Credit and the Employment Credit provided through the New Deal for 50 Plus (ND50+) programme. Although the act in effect replaced the Employment Credit, the payment amount Employment Credit claimants had received was unchanged. An additional amount of the Working Tax Credit was made available to ND50+ participants, payable through the first 52 weeks in employment.