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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Tax credit help please
char_student
Posts: 860 Forumite
Me and OH live together and have an 8 year old.
Started Part Time employment last year, earning last year for me £3500. Partner earned £23000 approx. This gets us £10.50 tax credits per week.
Been offerred a full time job now which is £26400 a year. Will now need childcare (as never before) which should be around £100 per week.
I understand that if there is not £25000 difference between this and last years they base on last years, so does that mean that we will receive TC based on childcare of £100 and last years income? (as I will not be earning more than £25k more than last year). In fact its £22900 more than last year. Partner should earn same as hes earning last year, which is around £23000.
Thanks in advance
Started Part Time employment last year, earning last year for me £3500. Partner earned £23000 approx. This gets us £10.50 tax credits per week.
Been offerred a full time job now which is £26400 a year. Will now need childcare (as never before) which should be around £100 per week.
I understand that if there is not £25000 difference between this and last years they base on last years, so does that mean that we will receive TC based on childcare of £100 and last years income? (as I will not be earning more than £25k more than last year). In fact its £22900 more than last year. Partner should earn same as hes earning last year, which is around £23000.
Thanks in advance
:beer: If I say something you like....Please hit the thanks button :beer:
0
Comments
-
Pop your details into entitledto with the childcare costs and it should give you an estimate. Remember its only upto 80% they will pay!0
-
I doubt you will get any help at all with childcare with your income.0
-
With £50K income between you, and one child, I doubt you'll get anything more than your basic family entitlement of the £10.40 per week or whatever it is. I have five kids, though only four taken into account now for age reasons......earnings familywise are less than £50K and we only get the £10.40 per week entitlement. No childcare costs are taken into account - even though their school breakfast club qualifies for the little guys, our income is too high.0
-
Well entitled to states we would get £55 a week because of childcare due to 25k disregard.....As earned lot less last year but still within £25k disregard:beer: If I say something you like....Please hit the thanks button :beer:0
-
But you will be getting a renewal pack shortly and will have to give correct details for last years earnings - isn't the disregard for changes 'within that financial year'?0
-
AnxiousMum wrote: »But you will be getting a renewal pack shortly and will have to give correct details for last years earnings - isn't the disregard for changes 'within that financial year'?
Yes they already have last years details. I put that into entitled to - thats what came up?:beer: If I say something you like....Please hit the thanks button :beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards