Working tax credit threshold raise?

moneymabel

Hi all, am looking into claiming WTC next year but am very close to the threshold with OH's wages. I know this year the earning threshold is £17k ish but was wondering if this goes up each year and if it does by how much?
Thanks for any help.

moneymabel

Just bumping for the evening crowd ! Anyone know?

moneymabel

Anyone? :-)

aj2703

moneymabel wrote: »

Anyone? :-)

Maybe a quick phonecall to them would be of more use...?

moneymabel

Tried that before I posted the first time but for some unknown reason they wouldn't tell me- wouldn't even tell me what the earnings threshold was the year before ?!

aj2703

moneymabel wrote: »

Tried that before I posted the first time but for some unknown reason they wouldn't tell me- wouldn't even tell me what the earnings threshold was the year before ?!

I suppose that might be because they think fraud could be commited if you know what the threshold is. I'll have a hunt around and see if i can find anything...

aj2703

moneymabel wrote: »

Tried that before I posted the first time but for some unknown reason they wouldn't tell me- wouldn't even tell me what the earnings threshold was the year before ?!

http://www.hmrc.gov.uk/rates/taxcredits.htm

any use..?

triggerhappy_2

You could check with the Do I Qualify questionnaire:

http://www.hmrc.gov.uk/taxcredits/start/who-qualifies/overview/quick-questionnaire.htm

moneymabel

aj2703 wrote: »

http://www.hmrc.gov.uk/rates/taxcredits.htm

any use..?

It's closer than anything I've found anyway so thankyou! Seem to have been trawling the net for days now!

moneymabel

triggerhappy wrote: »

You could check with the Do I Qualify questionnaire:

http://www.hmrc.gov.uk/taxcredits/start/who-qualifies/overview/quick-questionnaire.htm

That's how I found out what this years was but still would like to know if it increases each year. Thanks though :-)

flea72

as WTC is reduced on a sliding scale, depending on income, it would basically be down to the 1p whether you were entitled or not, but currently the drop off point, is around £17.6k

however, trying to keep under £17k for the sake of a few £100s WTC, is it really worth the effort?

by one of you working an additional hour a week on min wage, you would take home more than you could get in WTC

if you input various income scenarios on entitled to or the hmrc website, you would work out what the cutoff point would be based on your circumstances

F