In 2010–11, public finances continue to be dominated by the aftermath of the global financial crisis and recession, with a pressing need to cut government borrowing.
If you are working and have a low income or if you have children (in which case you do not need to be working and can have a fairly substantial income), you may be eligible for tax credits.
Income paid out by trusts and other forms of settlement in 2009–10 comes with a tax credit which reflects the amount of tax already deducted from it or deemed to have been paid on it.
