what will my family lose now

thorsoak

Gazzer

I don't think that your family will lose anything - you have brought your daughter up well obviously - she has a job, she is starting to save, you have already worked out how much she will contribute to the family budget - I would say that congratulations all round are in order - you've reared a young lady who is prepared to work for her living!

Good luck to her - and to you and your family!

bestpud

Oldernotwiser wrote: »

I think that the next one down starts to be counted as the oldest child.

Yep, that's correct!

[Deleted User]

GAZZER wrote: »

ok
Me 23,000 a year wages
Wife 21,000 a year wages
42.00 a month tax credits
33.00 a week family allowance


son @ school age 12

daughter has just left school and has a apprenticeship job to start on the 14th SEPT it pays her 95.00 a week

Q is who do i tell (tax credits ?ETC) and can any 1 help me out whith what i will lose i will charge her some house keeping to get used to it (will go in pot for car insurace in future)but really wanna know how much i have lost come the 16th of sept


thanks indvance
regards
gaz

NB NICE FORUM AND HI ALL

family allowance should have been paid for the last time on 31/8 if you have told them she has left full time education,as would ctc,if you havent told them any payments received after that date will be overpayments which you will have to pay back.You will have been contacted by child benefit people at least once probably more in recent weeks.

GAZZER_2

Thanks for all the help lads + ladys as for,

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family allowance should have been paid for the last time on 31/8 if you have told them she has left full time education,as would ctc,if you havent told them any payments received after that date will be overpayments which you will have to pay back.You will have been contacted by child benefit people at least once probably more in recent weeks.
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yes we got letter and sent back to family allowance but nothing else since that ,Thats why im asking?As for over paying lol dont u worry m8 il pay them what i ow iv been paying taxes as my wife has for 18 years + never signed on Also i was told about tax credits to claim from a friend at work 2/3 years after it came out ,so i saved them 2 years money for some 1 who needed it before i found out

mitchaa

As stated, no its £20pw for 1 child and £13.20 for every child thereafter. It doesn't matter which child is which, you will always receive £20 for 1 and £13.20 for every additional child.

Because your income is relatively high at £42k, you will be on the basic tax credits which is £547pa (£42 Every 4wks) If you were earning say £15k you would be entitled to a hell of a lot more and this is classed as the child elements. At the moment a child element is around £2200 for every child you have, so if you had 5 children that would be £11k. The child elements are phased out the higher the earnings you have, by £42k they are completely wiped out so you would only ever see the basic family element. If you were to earn over £60k, you would lose this family element also.

So the only thing you will lose is £13.20pw