A Payment A Day - Part 8!

HamsterWheel_3

Eager_Elephant wrote: »

For some reason the government decided that anyone earning between 26,000 (ish) and £50,000 can get the basic rate of Child Tax Credit of £545 pa (£10pw). If you have a child under 1 you can earn up to £58,000!!

I can see how someone on £26,000 might need a bit of extra money (to PAD!!!) but at £50,000?!?! :eek:

I think it has all been speculation at present regarding any change to this but it's bound to happen soon.

I think the changes announced in the budget are to do with chldcare which is paid via Working Tax Credit because at the moment they spread it throughout the year even if you only have childcare to pay in school holidays which can make it difficult to budget for some.

Also they are going to allow people over 60 who are still in work to claim Working Tax Credit if they work 16 hours instead of the usual 30 hours. I think this is good news for them.

From April 2012 the child element of child tax credit will rise by £4 if you have a child aged one or two. (at the moment you get a baby element until the baby is 1)

EE

i understand but i have to disagree slightly, when you mention someone on £26k a year may need help, do you mean one person or a joint wage as when the national minimum wage comes in at £12,410 and people manage on that then another £14k is a big lot of extra money compared to some, this is not a personal dig at anyone by the way i just feel, ive managed for many years on the national minimum wage or just above and with budgeting and trying to be sensible i have managed like im sure many of us have,

HamsterWheel_3

Ooops back on track lol


Morning all

Sun is shining lets hope it lasts

My pad today is £20.00 to hal cc

love to all and have a lovely wknd xxx

MinniMe_2

Morning everyone,

its payday :)

So £150 towards halicrap CC, £50 towards Mint CC and jus to round down my account an extra £5.23 towards halicrap CC, Total PAD £205.23

Also I found the library last night - why oh why have i never found the library before! I got 3 books and a DVD and all for £1.50!!!! So loving the library - just wished they opened a little later in the evening.

Wesker

£100 from me today please :j

Hope the weather stays nice over the weekend, want to do a boot fair and make some more money to PAD

sashanut

Eager_Elephant wrote: »

I much perferred my explanation :rotfl:

I watched Crimewatch last night (from Sky+) and these people robbed a jewellers by reversing across a busy junction straight through the shop window at 11 in the morning - apparently not many witnesses.
How could anyone miss the noise??

EE

Hi all:j Time to rob the medium-sized bank/drive car through jewellers window - oh no can't as just heard from garage our car repair will cost over £1000:eek::eek::eek: booo blech:mad:

Anyhow, PAD for today is £1000 to ltsb o/d & £10 o/p to ltsb cc making a PAD of £1010 today please E-E thankyou:T

mrsinvisible

Hello all, housekeeping money day today, and there is £19 exactly still in HK purse, :jso £19 to christmas fund. wonders to self ''shall I try to save £20 next week, or take out less this week or get the same out and buy OH a bottle of whisky for his birthday?'' (insert confused smiley here)
Hope everyone has a good day and that the bleep rain stops

angelicmary85

scoobylicious wrote: »

No I agree with you hamster but I thought they were keeping tax credits for incomes below 50k-maybe I've got that wrong. Also assumed that angelic isn't earning more than 50k a year unless she's keeping it very quiet

Angelic doesn't even earn a tenth of 50k

Angelic's OH works with cash, thousands of pounds everyday and gets 10k a year...we're, unfortunately, one of those poor families with take or leave it jobs, we take in less than 1k between us every month

We're not one of those poor 'rough' families though (Jeremy Kyle style)...we hide our poorness very well :rotfl:

I think there's been a lot of speculation surrounding TC/WTC so lets just keep our rfingers crossed that they don't change too much.

I know that some of you won't get them and do struggle on 'just' your pay but to those who are receiving them, they are like a lifeline.

HamsterWheel_3

angelicmary85 wrote: »

Angelic doesn't even earn a tenth of 50k

Angelic's OH works with cash, thousands of pounds everyday and gets 10k a year...we're, unfortunately, one of those poor families with take or leave it jobs, we take in less than 1k between us every month

We're not one of those poor 'rough' families though (Jeremy Kyle style)...we hide our poorness very well :rotfl:

I think there's been a lot of speculation surrounding TC/WTC so lets just keep our rfingers crossed that they don't change too much.

I know that some of you won't get them and do struggle on 'just' your pay but to those who are receiving them, they are like a lifeline.

lol when i wrote what i did it wasnt aimed at you, i didnt even read who they were talking about or anything so please dont whatever you do think it was aimed at you as it wasnt, i was merely shocked that the cut off amount if 50k and to me thats a very high amount the government used to continue to assist people, just shocked me.,.... sorry for any confusion

angelicmary85

HamsterWheel wrote: »

lol when i wrote what i did it wasnt aimed at you, i didnt even read who they were talking about or anything so please dont whatever you do think it was aimed at you as it wasnt, i was merely shocked that the cut off amount if 50k and to me thats a very high amount the government used to continue to assist people, just shocked me.,.... sorry for any confusion

I know you weren't aiming it at me...I just thought it sounded like those who get TC, we're kind of rubbing it in a little bit to those who don't...I wanted to justify my reason for getting them

scoobylicious

Hamster I mostly do agree as my parents managed to bring up my brother & I on quite a low income from my dad's struggling bike shop. We never went on holiday or had extravagent things but never remember feeling like we were missing out either-probably lucky that we lived in the middle of nowhere-the outdoors is free Maybe I'm wrong but everything also seems more expensive now, especially houses. If people are living sensibly but still can't manage then wages are too low & I think it's right they should have some extra help. Maybe the new government could double the minimum wage :rotfl: Angelic must be doing brilliantly-I can barely manage on my income & that's without adding children into the mix!! & sorry angelic for discussing your income in your absence