We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

CTC/WTC query

My gross salary is £28372 p.a. with a salary sacrifice of £1200 p.a. to my Pension.

My childcare costs are £30 per week and I receive £36.28 child tax credit every 4 weeks.

Does this seem correct?

The reason I'm querying it is because through looking on here and speaking to friends it seems that there are people earning more than me and with less childcare costs that seem to be getting larger payments than me.
It's not how far you fall - it's how high you bounce back.... :j
Happiness is not a destination - it's a journey :)

Comments

  • karenx
    karenx Posts: 4,988 Forumite
    you won't qualify for working tax credits, and only get the basic child tax credits rate.
  • happymumto2
    happymumto2 Posts: 339 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    polesalot wrote: »
    My gross salary is £28372 p.a. with a salary sacrifice of £1200 p.a. to my Pension.

    My childcare costs are £30 per week and I receive £36.28 child tax credit every 4 weeks.

    Does this seem correct?

    The reason I'm querying it is because through looking on here and speaking to friends it seems that there are people earning more than me and with less childcare costs that seem to be getting larger payments than me.

    Are you a single parent? I got more than that when working, and was paying £120 a week for childcare.
  • vasseur
    vasseur Posts: 3,090 Forumite
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
    Yes I am a single parent. I've just been on the 'entitled to' website but I hate those things they just seem to confuse me (and I don't think I'm stupid :o)

    I think there was a problem with the calculation for 2008/09 because my daughter started school in Sept 08 so for part of the tax year I was paying nursery fees then later on I switched to after school club fees which are a lot less (although I did inform the tax credits people at the time). Last April they put a one off payment in my account for £195 which I queried and they said no that was correct then a few weeks later they said I wasn't entitled to it so stopped paying me anything until October!:mad:

    I'm hoping it can be sorted out correctly this year because I haven't had a pay rise so I can tell them exactly what I'll be earning for the next year.
    It's not how far you fall - it's how high you bounce back.... :j
    Happiness is not a destination - it's a journey :)
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 347.1K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.8K Spending & Discounts
  • 239.4K Work, Benefits & Business
  • 615.3K Mortgages, Homes & Bills
  • 175.1K Life & Family
  • 252.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.