Child Tax credit/family tax credit question.

generaloneill

I am currently earning over £720 a month (after tax) on a full time job, and I get working Tax credit of £150 a month. My partner is not working and gets Child tax credit of £593 and Child Benefit of £204 a month.

My partner is thinking about getting a part time job possibly around 16 hours a week, just wondering how that would affect our tax credits. Not sure where to find out the information, would be grateful if anyone could lend some advice.

finnigan

I use this calculator here once you put your current details in you can go back and put different info through and it will compare the two. I kind of hope it can be trusted as its the goverments own website but thats up to you to decide . It dosn't ask for identifiable info which is a plus.

flea72

ok few Qs. do you live together? if so, what is your gross income? what would be your OHs gross income if they worked? how many kids? (from your CB amount im assuming 3, with guardians allowance?), and whether you would have to pay for any childcare? (cost)

yes their working will have an affect on their entitlement, but it might not be that great an amount - usually you loose 39p in the £, but not for your whole income

F

generaloneill

flea72 wrote: »

ok few Qs. do you live together? if so, what is your gross income? what would be your OHs gross income if they worked? how many kids? (from your CB amount im assuming 3, with guardians allowance?), and whether you would have to pay for any childcare? (cost)

yes their working will have an affect on their entitlement, but it might not be that great an amount - usually you loose 39p in the £, but not for your whole income

F

Gross income is 1000 per month, my OHs gross income would be 411 per month based on 16 hours per week at minimum wage. Yes we do have 3 kids and no childcare to pay for.

Also was wondering if my partner worked, it would affect her entitement, but would it affect the working tax credit that I claim?

karenx

working tax credits limit is 17k and that takes you above that so your entitlement will stop. But instead of that 150 a month the wages are an extra 250 above so your not really losing out.

flea72

generaloneill wrote: »

Gross income is 1000 per month, my OHs gross income would be 411 per month based on 16 hours per week at minimum wage. Yes we do have 3 kids and no childcare to pay for.

Also was wondering if my partner worked, it would affect her entitement, but would it affect the working tax credit that I claim?

tax credits are based on household income, so any extra income will affect entitlement to WTC and CTC

however, they way you word it, it sounds like you dont live together?

F