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how i can work less hours and be better off!

24

Comments

  • Jummy
    Jummy Posts: 692 Forumite
    I also haven't got a clue what EMA stands for.........
    :)
  • Becles
    Becles Posts: 13,184 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I don't know what it stands for, but it's some form of benefit that gets paid to low income families who send teenagers to college after finishing school.
    Here I go again on my own....
  • CIS
    CIS Posts: 12,260 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    AFAIK EMA= Education Maintainence Allowance
    I 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.
  • funnyguy
    funnyguy Posts: 2,561 Forumite
    My wife works 25hours a week,and I have just got a small job working 6hours a week.Because we now work over 30 hours a week ,we are actually getting more tax credit than before as well as my wages...Stupid system
  • CIS
    CIS Posts: 12,260 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    AFAIK, The hours for tax credits cant be combined, one or both of the people have to work over 30hrs.
    I 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.
  • Prudent
    Prudent Posts: 11,649 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    the highest ema is £30 then £20 then £10 depending on earnings, if your family income is above £30k, you get nothing. also interesting to note , it is your taxable income,ie. after pension contributions that count, a point not widely publicised. probably to deter a few people from applying.


    Helen that is a briiliant piece of information. I earn £30,500 so thought we just missed it. I contribute 6% of take home to emploters pension scheme. Does this mean my daugter will get £10 per week?
  • Prudent
    Prudent Posts: 11,649 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Is there any formula by which you can work out how much you would be entitled to by reducing your hours?

    A friend and I are both full time teachers and single parents. We both have one teenage daughter. We are exhausted trying to combine the two - so much so that is making us physically ill. We both work 5 days per week (35 hours -in theory!) and would like to work four days. We both earn £30,500 per annum.
  • Spendless
    Spendless Posts: 24,791 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Prudent wrote:
    Is there any formula by which you can work out how much you would be entitled to by reducing your hours?

    A friend and I are both full time teachers and single parents. We both have one teenage daughter. We are exhausted trying to combine the two - so much so that is making us physically ill. We both work 5 days per week (35 hours -in theory!) and would like to work four days. We both earn £30,500 per annum.
    Have you looked at www.entitledto.co.uk
  • Prudent
    Prudent Posts: 11,649 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Spendless wrote:
    Have you looked at www.entitledto.co.uk

    Yes, but wasn't sure how to calculate take home pay. Iguess it will be more per day, as I should pay less tax than I do now?
  • CIS
    CIS Posts: 12,260 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The tax/NI should reduce in direcet proportion to you reduced wage, so the easiest way is to take net wage and divide by 5 and multiply by 4.
    I 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.
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