Quitting my job

Elle00

bb23 wrote: »

sorry i appreciate your help but i'm just so confused

i thanked you for your post - your calculations helped greatly i'm just wondering why entitledto gave me such a different figure.

It's not a drastically different figure. It includes council tax benefit as a figure firstly, so knock that off.

Secondly it says that you're in a cheap rental for your area and the new LHA system works by allocating everyone a set amount of money depending on their family size and area and letting them keep any left overs. So you would be left with £25 every week from your housing benefit allocation as cash in your pocket. Which I know is ludicrous but it's the way the new system works.

It hasn't calculated your IS entitlement accurately. You would receive £70.50pw made up from IS and child maintenance. They like to mess around with who pays you what but it should total the same amount together regardless of who pays it.

The child benefit should be included too. So based on the LHA figure you'd be even better off and get (ignoring Council Tax which cancels itself out): IS & CM £70.50, TCs £101.08, LHA £132 and CB £31 which totals £334.58pw.

You cannot get this confirmed by anyone until you've actually quit worked and lodged a claim - for obvious reasons they don't encourage people to stop working so don't offer much advise on it.

You would have the child benefit and CTC coming in every week as well as your 4wk run on of WTC if you quit. That should give IS and HB enough time to sort out your claims with them and they will start paying from when the WTC ends. HB might start during the WTC run on but it's up to you to find that out.

Oh, and the entitledto calculator has never been right for me, not once. It knows the right parameters but it doesn't seem able to process them accurately enough for most people.

The short version is that after the initial stress of setting up these claims - you'd be laughing.

bb23

thank you SO much.........so i just need to bite the bullet, find my leave date then fill in all the claim forms and go from there (i know my mum will help with bills if i fall short anyway)

OberonSH

I would look into getting the ball rolling with some additional income like Pigsback, AQA, mystery shopping etc just in case there is that shortfall. It's not fair to expect someone else to pick up the slack.

Plus I can't say this enough - make sure you get some kid-free time. I stay at home with my son, and although I love him dearly, the times I get to go for a coffee with a friend, or to the gym are a godsend, for my sanity!!

bb23

well its done, i just handed in my notice - last day is 22nd August
im very much looking forward to spending long fun days with my girls! im scared at the same time, ive been working since i was 17 years old.

Keeping_Motivated

Hi the best thing to do now then is get very very organised and take on all the help and tips on here to help you manage or your lesser income. Do the grocery challenge, look at the threads about spending time with your children on activities that are free, buy a notebook and keep a spends diary right down to every single penny you spend.

Good luck with it, I am sure you and your children will benefit and if in the long term you decide youwant/need to work look at balance and maybe go part-time. Remember being with your children full time can be harder than actually going out to work so be prepared for that too.

Take care
KM x

bb23

thank you i cant wait to get stuck in to all the money-saving info on here, i've been a member for a while but never really had the time to sit and read things through properly. obviously being a full time stay at home mum wont give me any more time lol - but i'm looking forward to trying out some of the tips and the grocery challenge etc.

Keeping_Motivated

I'm sure you will be fine and I am sure with a little effort you can 'make' it work and get control of finances too.

KM x

luckymum_3

i wish you luck and good on you for wanting to spend more time with your kids..
i am soon gonna have to go back to work as the rules are apparently changing once your youngest child turns 7, so am in debt and i will be worse off when i have to cover bills as well as rent and childcare :mad: ....

bb23

I've decided after i finish that i'm going to start on the road to training to work in a pre-school setting! going for a total career change once they're both in school

Keeping_Motivated

That sounds great to have a plan of what you are going to do next rather than just drift. I did the same actually I planned a new career and trained. I planned it so that when my DD started school I was fully trained and ready to start work again so it fell nicely.

KM x