We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
how much would you get
Options
cityangel
Posts: 28 Forumite
can anyone advise about working tax credit and what I would qualify for if I reduce my hours and earning 8,500 pa.
also, I am reducing from 17k
also, I am reducing from 17k
0
Comments
-
Hiya, you could try the online calculator here, just input your details and should give you some idea.
https://www.taxcredits.inlandrevenue.gov.uk/HomeIR.aspxNobody can make you feel inferior, without your permission
Love doesn't make the world go round, it's what makes the ride worthwhile
ya still freezing
0 -
You should note that the IR calculator shows you the amount you are entitled to this year if you applied now i.e. it shows you a partial year award.
If you want to see what your full year entitlement is, then look at https://www.entitledto.org
I'm assuming that you don't have children, so don't get any TCs at the moment. Have you applied already and got a zero award? This will affect what you are entitled to.
Your calculation is quite difficult and depends on your exact circumstances and what you mean by reducing your income - presumably you've already earned around £8,500 this year, so are you talking about giving up work completely?0 -
no, I earn 17,340 pa. I need to reduce my hours because I injured my back and I am struggling to work full time.0
-
Tax Credits will increase as amaximum of 37% of (17340-8500=8840) = #3200.
But that depends on whether you have a partner/kidsI no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards