how i can work less hours and be better off!

helen_vasey

Sarahsaver wrote:

So that 2.5 hours is worth £10? Surely you earn more than that?
Is it not far removed from someone signing on so they can get free stuff?
If your daughter is old enough for an ema she is old enough to get a part time job which would bring in more than a tenner a week and she would not be taxed.

My daughter will get a part time job after taking her gcse,s, as she wil be 16 by then. any part time work she does will not affect her ema money, it is allowed under the rules of the scheme, also, why shouldnt she get the £10 a week if she can? its £10 that we dont have to fork out anyway. if you have read my other posts you will see that i have other reasons for wanting to cut my hours as well.

helen_vasey

donna wrote:

oo oo oo!

Can someone work out mine for me pleeeeeese!

I am married 2 kids(13&15) with hubby retraining at college.
I work 25 hrs per week £6 per hour.
Last wage slip = £650 gross pay/£32.33 tax/£26.62 NI/£591.05 Total

Recently my boss has been talking about reducing my hours(what can i say, i'm just sooooo efficient at my job )

How much would i take home if i worked 20 hours a week instead?

This would be great if it works as my kids are at sats and GCSE age so i could spend more time supporting them through this.

You would take home approx. £30 a week less , although you would pay slightly less in tax and ni. I dont know whether you get ctc or wftc, you probably do but im not sure if the drop in income would get you more tax credits or not, try https://www.entitledto.co.uk to check it out , putting in your reduced earnings. because my hubbie earns @£26k we only get the minimum child tax credit of £545 per year.

Prudent

I have just caught up on this thread. Thank you for all the very helpful replies. It is a nice surprised to find that when the time comes, daughter will qualify for an ema. I currently give her a £50 allowance per month, which could be replaced by the ema and give a little extra to the household budget.

beanielou

Does anyone know if they have EMA's in Scotland?
Thanks

Prudent

beanielou wrote:

Does anyone know if they have EMA's in Scotland?
Thanks

Yes they do. I am from your area too. You need to ask the school (or your local council) for a form.

gem4

I'm a single parent with teenager at college who gets £30 EMA.
I work an average of 16hrs which represents 2 days. I'm paid an hourly rate but its shown on my wage slip as number of days worked. i.e £42 per day.
I have council tax ben, housing tax ben, child tax credit, working tax credit. I very rarely pay tax, and NI is pennies. Occasionally the company asks me to do an extra day here and there.

I worked out recently that if I do an extra day where, in theory, I would earn £42, I actually only benefit by £2.90 extra cash in my pocket, less than that after allowing for extra fuel for the extra day.
The company are trying to wheedle extra days out of existing staff to avoid having to take on more employed staff to cover their shortfalls.
As I am on benefits which are affected by my income I have refused to increase my days to three on a permanent basis.

In answer to the OP I am working less hours and getting more money. On 16hrs I can manage my budget, household jobs and be there for my teenager, on 24 hours I get less housing/ct benefit, pay tax and more NI which means less time for us and no real financial benefit, causing more stress. Go for less hours.

beanielou

Thanks Prudent for the info.
Not quite at that age yet but handy to know.
Take it that it is for age 16+ ie 5th years(and 6th)?
Thanks

Sarahsaver

helen_vasey wrote:

My daughter will get a part time job after taking her gcse,s, as she wil be 16 by then. any part time work she does will not affect her ema money, it is allowed under the rules of the scheme, also, why shouldnt she get the £10 a week if she can? its £10 that we dont have to fork out anyway. if you have read my other posts you will see that i have other reasons for wanting to cut my hours as well.

Maybe you misunderstood me, what I mean is surely if you work 2.5 hours less that will mean losing 2.5 hours pay, which has to be more than a tenner, so u will still be at a loss if you cut your hours.
I have read your other posts and cannot see why you want to cut your hours though ???

upferret

Can anyone help me do the same maths?

I work 31 hours a week for £144.03 net. My partner is on incapacity benefit of £68.20 per week. We pay full rent and council tax as we are not allowed any benefit. The person at the advice place in the library double checked the figure as she felt it was wrong that were arent entitled to anything. We cant even get working tax credit as we are both under 25. She said we have to be over 25 or over 16 with kids.Is there an easy way to work out what would be best, ie- if I worked less hours would I be better off? I tried working it out but I cant
Thanks
Nic

CIS

Try this link to check your HB/CTB entitlement

http://www.medway.gov.uk/index/community/benefits/webbencalc.htm

Have a play around with some various wage combinatins and see what happens