Universal Credit
(asked on 6th March 2019) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how much her Department will spend on (a) the childcare element of the working tax credit and (b) the childcare element of Universal Credit in each of the next five fiscal years.
HMRC currently estimate spending around £1.1bn 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 18/19 | Ann. cost 19/20 | Ann. cost 20/21 | Ann. cost 21/22 | Ann. cost 22/23 | Ann. cost 23/24 |
Total cost UC Childcare | £100m | £400m | £700m | £900m | £1,100m | £1,400m |
Notes:
The figures in the table above are derived from internal DWP models, and costs have been rounded to the nearest £100 million.