Will I be worse off?

JC9297

Not sure why you feel it's necessary to only work 16 hours? One of you has to work at least 16 hours to claim. Any wages you earn for the extra hours will be more than any reduction in CTC. You can both be working full-time and receive tax credits as long as your income is under the cut off point, which is over £50K

Jomo

andyandflo wrote: »

I would agree with you that working is better for you but at the expense of being worse off???

Unfortunately in today's world - everything's about money!!! Or haven't you been reading the newspapers over the past 6 months? When did you ever last hear of an MP doing the job for the job's sake?
I may be very cynical, but after many years working for the government both with HMRC and latterly, The Official Receiver, I have yet to find many individuals that don't think that money is a prime mover in their lives!

Every day I was asked one way or another - what do I get out of it, why should I work and pay my debts off, is there anything that I know they haven't claimed for and no, I'm not going to go to work and end up paying CSA!!

Yes, find a job and if you are lucky enough, enjoy it - but surely not at the expense of your family losing out!! I am absolutley sure that if I told my wife that our income would drop by half just because I love the work - I know where she would tell me to go!!!

I'm amazed with what I am reading.

Sad.

Deepmistrust

wingobins wrote: »

(Sorry if this has been asked before).

I've been training to be a teaching assistant and have now been offered my ideal job which I immediately accepted. I am currently receiving CTC and my husband is on JSA after getting made redundant last year. He has also just got a job (37 hours) but starting in 4 wks. Mine is for 18 hours a week. Both jobs will be round about £6.00 -£7.00 hour.
Does this mean I will lose the CTC now? I seem to have worked it out that I will be worse off now working than on CTC. I don't want to lose the job either but I was told you can work up to 16 hours and still get CTC. I was thinking of asking if my employer can make 2 hours voluntary if possible, i'm not sure how we will manage otherwise. Can someone please advise? Sorry for the long post.

CTC and WTC are designed so that you are always better off in work, than out of it (there are very rare exceptions - if you claim a whole host of other benefits too). Even that aside, if this is your dream job, and you've trained for this job, why on earth would you consider refusing? If both you AND your husband get back into work( him full time ), then there is just no way, you could be worse off - in so many ways: You would not get your mortgage interest paid as soon as he is in work anyway, surely.

You have to reconsider the scenario with your husband IN work, as he has a new job soon.

wingobins

I know that we wont get the mortgage paid when he starts work. He was unfortunate enough to have been made redundant twice, first after 22 years in the company and then again with another company after only 2 yrs. He spent the last year sending in hundreds of job applications and has only got lucky now after training up to something totally different. Once he starts full time, I will have to work around my children, with one at nursery age which is why I cannot do full time as yet (plus the fact I have only been offered 18 hours to start with). I never said I would refuse the job offer, I jumped at the chance, I would just like to be able to pay the bills at the end of the day. If I can work 15 or 16 hours and still claim CTC then it will be a bonus for us.

LizzieS_2

wingobins, when your husband starts work will you need to use childcare for your chosen job?

wingobins

No as I will be working around my children.

LizzieS_2

Go to entitledto.com

Put in both your incomes for last year. Do the same again but this time put in your expected income for this year (as last years income). Your award for this year will be the higher of those 2 figures. Your award for next year will be the latter figure.

Finally use the same field (last years earnings) with your new salaries - this will give you what your award will eventually be each year.

All subject to next weeks budget though.

Spendless

LizzieS wrote: »

Go to entitledto.com

Put in both your incomes for last year. Do the same again but this time put in your expected income for this year (as last years income). Your award for this year will be the higher of those 2 figures. Your award for next year will be the latter figure.

Finally use the same field (last years earnings) with your new salaries - this will give you what your award will eventually be each year.

All subject to next weeks budget though.

And exactly why I would take up the job offer. Who knows what will happen in the budget. By all means OP work out what income you will have coming in so you can budget, but don't turn down a job/hours. You don't know what's round the corner. I've found work this week, after an 18 month hunt, 13 hours on a temp on-going basis but I am soooooo grateful to be earning at long last, and happy that if in the budget ctc and cb dissappears that we will be ok!

Aphrodite868

The best option will be to keep your working hours to just 16 or under so you can then still claim all your other benefits to the full amount that you're entitled to.


Hopefully in the future the school will have the need for you to work 40hours per week, so you will then be better off in the fulltime job.

But working anything over 16 but under 38hours per week is just messy and pointless normally.

DX2

Aphrodite868 wrote: »

The best option will be to keep your working hours to just 16 or under so you can then still claim all your other benefits to the full amount that you're entitled to.


Hopefully in the future the school will have the need for you to work 40hours per week, so you will then be better off in the fulltime job.

But working anything over 16 but under 38hours per week is just messy and pointless normally.

You might want to re write your post.