How much tax credits can I get for childcare?

DX2

KaratePigeon wrote: »

eek, so if you have a family income of more than £35k you don't get any help with childcare costs? :huh: I didn't realise the threshold was so low, that's mad, how can people afford to put their babies in nursery full time? Or have more than one child.

Yeah I vaugley remember my employer saying they do childcare vouchers but I don't know anything about it. Someone told me it wasn't worth it as it just means you get less tax credits? Am I right in thinking they mean you get paid a bit less as you get it as vouchers but don't pay tax on it? Is there any minimum/maximum amount for these?

Arrgh why does the system have to be so confusing.

Something that may be of help to you.
http://www.hmrc.gov.uk/childcare/interaction-tc-cv.htm

karenx

KaratePigeon wrote: »

we have already moved to a cheaper area - 30 miles from my work so I spend loads on petrol and commute for 2 hours a day. DP works all over the place so his fuel costs are really high too.

Anyway I wasn't asking for sympathy or anything, just if we were entitled to any help with childcare costs. If not then obviously we will cope, just a bit suprised as I thought more people were entitled to it. We are not exactly earning loads, thought it was about average.

Average? I would say you earn more than average!! The average is about 12k a year, bank worker, call center etc. Maybe less if you work in a shop. So you alone are on almost double that. Then theres your partners income ontop of that.

DGJsaver

karenx wrote: »

Average? I would say you earn more than average!! The average is about 12k a year, bank worker, call center etc. Maybe less if you work in a shop. So you alone are on almost double that. Then theres your partners income ontop of that.

errr , the op did say `family income` of 35k ,and then broke down the salaries between herself and her other half, i suggest you read posts properly before commenting

DX2

DGJsaver wrote: »

Had we not established that already ? would it not be more helpful to actually TELL us the income limit ?

DGJsaver wrote: »

errr , the op did say `family income` of 35k ,and then broke down the salaries between herself and her other half, i suggest you read posts properly before commenting

You are a rather snappy little poster Can't actually see where you have helped with the original query!

DGJsaver

DX2 wrote: »

You are a rather snappy little poster Can't actually see where you have helped with the original query!

Just dont see the requirement for people to not read posts properly and then jump in with two feet.......

Not that fussed if you dont like it to be fair :beer:

mitchaa

DGJsaver wrote: »

Had we not established that already ? would it not be more helpful to actually TELL us the income limit ?

The question is difficult to answer as there are not limits as such.

A couple earning £30k with £50pw CC costs would not get any help, however, the same couple earning the same income but with £250pw costs would.

A couple earning £50k with £400pw costs would get some help, someone earning £25k with £100pw costs wouldn't.

So it depends on income as well as actual costs.

The average wage in the UK is £26k, not £12k:rotfl:

I dont believe £12k is even a legal wage for FT work, never mind as an average.

karenx

mitchaa wrote: »

The question is difficult to answer as there are not limits as such.

A couple earning £30k with £50pw CC costs would not get any help, however, the same couple earning the same income but with £250pw costs would.

A couple earning £50k with £400pw costs would get some help, someone earning £25k with £100pw costs wouldn't.

So it depends on income as well as actual costs.

The average wage in the UK is £26k, not £12k:rotfl:

I dont believe £12k is even a legal wage for FT work, never mind as an average.

Jeeeeez where are the 26k jobs?? Id love one of those!!
Call centers up in scotland are 12-14k. Bank staff also.

mitchaa

karenx wrote: »

Jeeeeez where are the 26k jobs?? Id love one of those!!
Call centers up in scotland are 12-14k. Bank staff also.

But someone earning near minimum wage should not be classed as an average earner, they are low earners.If bank staff and call centre workers are silly enough to work for peanuts then that's upto them, but you cant class that as an average job.

What about joiners, bricklayers, electricians, mechanics, drivers, firemen, policemen, NHS staff etc, they are not earning £12-14k. Call centres with all due respect are for the non educated, i.e you dont have to have academic qualifications to get into.

The link below is the latest salary survey released by the government, it lets you know what the average salary is nationwide, along with the area that you live in... (You need excel to view)

http://www.statistics.gov.uk/downloads/theme_labour/ASHE-2009/tab7_7a.xls

The average is shown at £26,470 as a mean average and £21,320 as a median average (i.e half earning less, half earning more)

Kimitatsu

All be nice to each other please :kisses3:

Mitchaa is right the average income in the UK is about £26k but takes no account of regional differences.

OP it depends on the cost of your childcare, the number of hours worked and the family income. You can try www.entitledto.co.uk and put in differing figures to see the different scenarios.

When your child is 3 they qualify for free nursery places (long way I know but its light at the end of the tunnel!)

DGJsaver

karenx wrote: »

Jeeeeez where are the 26k jobs?? Id love one of those!!
Call centers up in scotland are 12-14k. Bank staff also.

and what about the bankers , head teachers , doctors , surgeons.......thats why the 26k is an average...