Worse off!

[Deleted User]

Below is an example of how a £5k increase would change your tax credits award.

This is based on a single adult household with 2 children.

As stated previously, although you lose £150 per 'month', you are earning £384 more meaning an increase of £234 before tax & NI.



Source of rates & thresholds - http://www.hmrc.gov.uk/rates/taxcredits.htm

mberry77

ha ha deedee you wally, its paid every 4 weeks not month like above. so you wont be worse off as you could get it paid tax credits twice in 1 month.

deedee71

mberry77 wrote: »

ha ha deedee you wally, its paid every 4 weeks not month like above. so you wont be worse off as you could get it paid tax credits twice in 1 month.

My figures are based on an annualised amount.

The phrase granny and sucks eggs comes to mind......as a single income household, I'm fully aware how to budget, thank you.


*** I've just noticed this tw&t has spent the past couple of hours posting a nasty comment to lots of threads in a row......how sad he has nothing better to do than to move from one thread to another making vile comments.

mberry77

deedee71 wrote: »

My figures are based on an annualised amount.

The phrase granny and sucks eggs comes to mind......as a single income household, I'm fully aware how to budget, thank you.


*** I've just noticed this tw&t has spent the past couple of hours posting a nasty comment to lots of threads in a row......how sad he has nothing better to do than to move from one thread to another making vile comments.

wally wasnt meant to sound nasty, anyway im not the one who has worked out their budget wrong.

[Deleted User]

mberry77 wrote: »

wally wasnt meant to sound nasty, anyway im not the one who has worked out their budget wrong.

You really must be a sad little person with nothing better to do with their time than