How are Tax credits calculated?

Spendless

But she would have to work at least 16 hours to be eligible for childcare costs (assuming you can get help with them).

CIS

Hadn't thought about that

I was just trying to get at the point that no matter how the hourly wage is worked out, the total wage is that which matters.

IIRC isn't it that both parties need to be working 16hrs or more to get Childcare help ?

Spendless

CIS wrote:

IIRC isn't it that both parties need to be working 16hrs or more to get Childcare help ?

Yes that's my understanding too.

mercman_3

What is this childcare help that people keep mentioning?

We have rang and asked the tc people but just come off the phone more & more confused!

We currently get approx £90 per month thaqt will decrease to approx £45 after her 1st birthday

What and how can we claim for what we are entitled to?


Cheers

Merc

CIS

The chilcare part of WTC is to cover people who pay for childcare whilst they either both work, or one works and the other is disabled.

For 2006/07, you can claim 89% of costs up to a max of £175 p/w for 1 child.

The amount is added to the rest of the WTC elements and is tapered via income alongside the rest of the WTC.

At the moment you get the family + baby element minimum payment, this reduces to the family element only after the 1st birthday.

For people on a high income, you are often looking at having chilcare costs in excess of £100 per week before you see any of the cost covered by the WTC.

D&DD

My OH works fulltime I am at home so I get CTC..we don't qualify for WTC just outside..
When I looked at last years notice the amount they forecast for this years CTC is less than the elements we get added together do I do the .37 thingy for the ctc too ??Thanks

CIS

As your husband works, WTC will be taken in to account on your award, its just that the WTC will have been tapered away to nothing and leaving just CTC (quite common if you have a reasonable income).

If you follow the steps I posted, they should be near enough spot on for you.

If you get stuck, please post again.

D&DD

Thanks CIS It still confuses me!! Works out weird because of the disability element I think..
We have 3xkids
Two of whom are disabled..one on the high rate care..the forecast for the next year is 836 pmonth but I can't work out why LOL..

CIS

Whats your annual income ?, and I'll see what figure I can get (are you remembering to include CA in your income, its a taxable benefit so needs including)

D&DD

Thanks so much CIS I'm just terrified of an overpayment!
Income including carers is £15692