📨 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!

Emergency Budget: tax credit cuts for millions

1262729313243

Comments

  • Indie_Kid
    Indie_Kid Posts: 23,097 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    George Osborne mentioned the availability of tax credits in some instances for earners of up to £83k. I wonder how many examples of that he can find in practce? very few I expect. To get £545 on earnings of £75k, you would have had to earn less than £50k in the previous tax year.

    It depends on if there are any disabled children and how many children (over & under 1) there are that qualify for CTC.
    Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
    50p saver #40 £20 banked
    Virtual sealed pot #178 £80.25
  • toonbaz
    toonbaz Posts: 204 Forumite
    without having read the whole thread i thought i'd put my opinion on the changes across.
    i personally think that introducing tax credits was probably a good idea when they were first introduced but i think it has got massively out of control now with far too many families now reliant upon the income they provide, whilst i agree there has to be support for families there surely has to be an emphasis on try to provide for your own family rather than be reliant upon the government to support them. i personally feel that when people can afford such luxuries as sky tv and holidays abroad then they probably dont really need government help.
  • krisskross
    krisskross Posts: 7,677 Forumite
    nottslass wrote: »
    He was only getting extra because of his disability.

    Who was getting extra, the mother or the son? There was no mention of the son getting disability benefits or yet of him having any real disability.
  • Indie_Kid
    Indie_Kid Posts: 23,097 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    krisskross wrote: »
    Who was getting extra, the mother or the son? There was no mention of the son getting disability benefits or yet of him having any real disability.

    In the first post she said that the son has a disability.
    Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
    50p saver #40 £20 banked
    Virtual sealed pot #178 £80.25
  • DX2
    DX2 Posts: 8,275 Forumite
    sh1305 wrote: »
    In the first post she said that the son has a disability.
    Mother and son have a disability.
    *SIGH*
    :D
  • tizzy333
    tizzy333 Posts: 15 Forumite
    edited 23 June 2010 at 7:29PM
    What on earth is not good enough about a sandwich and a piece of fruit for a child's lunch? Mine all had breakfast before leaving for the walk to school and a cooked meal in the evening. Never any crisps or fizzy drinks except at Christmas and on birthdays. Sweets (which included KitKat etc) were a once a week treat on Dad's payday. Money was extremely tight in our house but the children always got fed properly. Perfectly adequate diet and obese children were almost unheard of.

    krisskross-maybe I treat my kids too good, they take more than that but healthy food, they burn off a lot of energy and are "normal" weight, with one sandwich and one piece of fruit they would be starving! they do not take fizzy drinks or sweets, they take fruit juice (not cheap) to drink and a selection of fruits and salad as well as a sandwich or bagel, healthy "cake" (homemade flapjack or banana muffin etc) and yes occasionally they have a bag of crisps, I know I know I'm a terrible person...they also get a home cooked meal every night as I work school hours so we sit together and eat.

    I guess you think I'm a drain on society as I use tax credits money to buy food for them..though the kids are never ill because they eat healthily so I'm saving the NHS some money by not using their services..swings and roundabouts I guess

    quite honestly krisskross I find some of your opinions a world apart from mine and I think we are going to have to agree to disagree
  • krisskross
    krisskross Posts: 7,677 Forumite
    tizzy333 wrote: »
    krisskross-maybe I treat my kids too good, they take more than that but healthy food, they burn off a lot of energy and are "normal" weight, with one sandwich and one piece of fruit they would be starving! they do not take fizzy drinks or sweets, they take fruit juice (not cheap) to drink and a selection of fruits and salad as well as a sandwich or bagel, healthy "cake" (homemade flapjack or banana muffin etc) and yes occasionally they have a bag of crisps, I know I know I'm a terrible person...they also get a home cooked meal every night as I work school hours so we sit together and eat.

    I guess you think I'm a drain on society as I use tax credits money to buy food for them..though the kids are never ill because they eat healthily so I'm saving the NHS some money by not using their services..swings and roundabouts I guess

    quite honestly krisskross I find some of your opinions a world apart from mine and I think we are going to have to agree to disagree

    Yes I think we will have to agree to disagree.

    Different generations have different ideas of bringing up children. However my children were not deprived of food and they were as active and healthy as can be. Not an allergy between them and just one illness in our younger daughter, a heart defect that she was almost certainly born with. As of yet none of them have overburdened the NHS.One has had his appendix out and the repair of the heart defect in our youngest is it to date.

    We are now so proud of what they have achieved, despite their substandard diet:) and of course as they had working parents they were also latchkey, self sufficient children.

    One works in the Probation Service, one in local government, another is a primary school headmistress and finally a bank manager.
  • peediedj
    peediedj Posts: 1,267 Forumite
    mitchaa wrote: »
    So for example you may have been earning £35k just now and getting the basic £545pa but now it will be less as it is being tapered much earlier. Out of that £545, you may get £300 of it or so.
    we earned £29500 last tax year and get £2000 tax credits,where does the £545 come into it??
    Live in my shoes for a week,then tell me your lifes hard!
  • peediedj
    peediedj Posts: 1,267 Forumite
    KxMx wrote: »
    I agree it does seem fair. All other medical benefits include a medical exam so should DLA should to. And realistically they might be out of power then!
    thought they were in power for 5 years??
    Live in my shoes for a week,then tell me your lifes hard!
  • Indie_Kid
    Indie_Kid Posts: 23,097 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    peediedj wrote: »
    we earned £29500 last tax year and get £2000 tax credits,where does the £545 come into it??

    £545 = the basic family element.

    http://www.hmrc.gov.uk/taxcredits/payments-entitlement/entitlement/how-worked-out.htm gives the amounts of all the elements for CTC.
    Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
    50p saver #40 £20 banked
    Virtual sealed pot #178 £80.25
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only 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.