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Working Tax Credit - Monthly or weekly?

I've just worked out my entitlement on 13k (the amount of a job I am going for)..

The calculator said £135, is this weekly or monthly?
9/70lbs to lose :)
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Comments

  • AnxiousMum
    AnxiousMum Posts: 2,709 Forumite
    Part of the Furniture Combo Breaker
    which calculator did you use? I think the HMRC site gives you an amount for the 'remainder of the year', assuming you registered that information on that date.
    Entitled to will give you the figures that you have requested - weekly or monthly.
  • Caz3121
    Caz3121 Posts: 15,915 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    if you run £13k through entitledto it shows £2.87 per week so guess the £135 is for the remainder of the tax year
  • GEEGEE8
    GEEGEE8 Posts: 2,440 Forumite
    £135 for the year? wow.. that's a shock.. :(

    Thanks for the replies..
    9/70lbs to lose :)
  • nettttie
    nettttie Posts: 318 Forumite
    Part of the Furniture Combo Breaker
    GEEGEE8 wrote: »
    I've just worked out my entitlement on 13k (the amount of a job I am going for)..

    The calculator said £135, is this weekly or monthly?


    I'm on just over 13K yearly and my tax credits total £119 per week (am paying some back as well) so I should say it's weekly ;)

    btw I dont get any money for child care, 2 kids at school
  • GEEGEE8
    GEEGEE8 Posts: 2,440 Forumite
    Is it Working Family Tax Credit you get tho?
    9/70lbs to lose :)
  • Caz3121
    Caz3121 Posts: 15,915 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    nettttie wrote: »
    I'm on just over 13K yearly and my tax credits total £119 per week (am paying some back as well) so I should say it's weekly ;)

    btw I dont get any money for child care, 2 kids at school

    It is very different for someone with children and someone that lives alone with no kids (as per one of OPs previous posts)
  • GEEGEE8
    GEEGEE8 Posts: 2,440 Forumite
    I'm sure I won't get it, apart from £2 a week.. I will claim it though as it helps with applying for college fee remission and things.

    Once I get a job that is.. bl00dy redundancy.. raaarr
    9/70lbs to lose :)
  • It depends if you would be claiming on your own or if you live with a partner, and if you have any children. If you are claiming on your own and have no children you do need to be working a minimum of 30 hours per week to be entitled to Working Tax Credit, and a minimum of 16 hours per week if claiming with a partner.

    If you have children, as well as receiving a sum for each child you are claiming for (and you must be receiving child benefit for any child you claim Tax Credits for), you will also be entitled to the family element of Child Tax Credit (approx £550 for the year). Tax Credits will also pay up to 80% of your ChildCare Costs if you meet the above criteria for Working Tax Credit.
  • GEEGEE8
    GEEGEE8 Posts: 2,440 Forumite
    I am 26, single, and up until last week I was working 40 hrs a week. Just got made redundant.
    I wanted to know if I could afford a lower wage of 13k and hope tax credits built it up a little, as my outgoings are quite high.
    Don't think i'll get anything more than £2.97 a week tho..
    9/70lbs to lose :)
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