We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Confused by Tax Credits
jezbo
Posts: 45 Forumite
I have a 15 month old baby boy and have only just become aware of "child tax credits" though I'm confused what it actually is.
What is this for exactly?
Can I claim this even though I receive child benefit too?
Is it added at source (by employer's payroll) or entirely separate from that?
If I am eligible can I claim back-pay?
I earn 53K so I didn't think I'd be elegible for any kind of benefits, though a large chunk of my salary does go on child maintenance for my two elder children. My wife is not a UK citizen but living with me here permanently, if that makes any difference.
What is this for exactly?
Can I claim this even though I receive child benefit too?
Is it added at source (by employer's payroll) or entirely separate from that?
If I am eligible can I claim back-pay?
I earn 53K so I didn't think I'd be elegible for any kind of benefits, though a large chunk of my salary does go on child maintenance for my two elder children. My wife is not a UK citizen but living with me here permanently, if that makes any difference.
0
Comments
-
Child Tax Credit is paid alongside Working Tax Credit as part of the Tax Credit system, on your income I doubt you would see any.
Its paid alongside Child Benefit, and they dont't effect the payment of each other.
The IR entitlement calculator is here
https://www.taxcredits.inlandrevenue.gov.uk/Qualify/DIQHousehold.aspxI 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 -
Done the calculation and I'd get around £130 per year, well every little helps !0
-
The IR figure is for a part year, it only calculates between now and the end of the year, that means your annual amount is actually (130/134)*365 = £354I 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
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards