Emergency Budget: tax credit cuts for millions

mitchaa

If you read further on in the document (page 54 of pdf, 47 of the doc) you are correct. The taper will begin at 40k for TY 11-12. However in April 2012, tax credits will be scrapped if you do not qualify for a child element.

http://www.direct.gov.uk/prod_consum_dg/groups/dg_digitalassets/@dg/@en/documents/digitalasset/dg_188581.pdf

That in effect means limit for 1 child will be around £24k

missk9

Re: Income support.... moved down to youngest being 5...

I do support this idea, but where are all these term time only jobs going to come from? I am having trouble getting a term time only job myself!

MissMoneypenny

DaiJoA wrote: »

The 'additonal support for families in poverty' seems a bit of a circle-of-dominoes situation given the benefits trap that many families, especially single parent families, are in. This emergency budget was billed as a follow up to the election promise of getting people off of benefits but nothing really seems to stand out as this being the case, other than perhaps the 'Sure Start' shake-up.

Frank Fiield MP is the one doing a 6month review into things like benefits poverty traps. Today was just an emergency budget.

sinstar

Tax credits can help with childcare costs during holidays.

mitchaa

missk9 wrote: »

Re: Income support.... moved down to youngest being 5...

I do support this idea, but where are all these term time only jobs going to come from? I am having trouble getting a term time only job myself!

Hence why they will be moved to JSA.

bestpud

mitchaa wrote: »

If you read further on in the document (page 54 of pdf, 47 of the doc) you are correct. The taper will begin at 40k for TY 11-12. However in April 2012, tax credits will be scrapped if you do not qualify for a child element.

http://www.direct.gov.uk/prod_consum_dg/groups/dg_digitalassets/@dg/@en/documents/digitalasset/dg_188581.pdf

That in effect means limit for 1 child will be around £24k

On the direct.gov website, it clearly states the cut off is £40k?

Benefits and tax credits

child tax credit - the child element of child tax credit will increase by £150 above indexation in April 2011 and £60 above indexation in April 2012

child tax credit - families earning more than £40,000/yr won’t get child tax credit from April 2011

Child Benefit - rates will stay the same for three years
welfare reform - Housing Benefit and Disability Living Allowance will be reformed to focus on those most in need
benefits and tax credits will be worked out using the Consumer Prices Index instead of the Retail Prices Index from April 2011

http://www.direct.gov.uk/en/Nl1/Newsroom/Budget/Budget2010/DG_188499

ruth_hill

_shel wrote: »

Ohhh I like this one re Housing Benefit

2.55 From April 2011, Housing Benefit claimants with a disability and a nonresident
carer will be entitled to funding for an extra bedroom. (34)

What does this actually mean also is it correwct that from next year no working tax credits we get £85 pw are income last year was £8300 would we get any help
(sorry i meant 2012) please god things will look up work wise by then

jellyhead

missk9 wrote: »

Re: Income support.... moved down to youngest being 5...

I do support this idea, but where are all these term time only jobs going to come from? I am having trouble getting a term time only job myself!

We were talking about this today at school. I'm doing a course in a school that offers wrap around care. This particular school doesn't run childcare in the holidays but a school 3 miles away does, and will take kids from all over the area.

(if anyone doesn't know, wrap-around care is breakfast and after school clubs/childcare, usually run at a child's school)

bestpud

ruth_hill wrote: »

What does this actually mean also is it correwct that from next year no working tax credits we get £85 pw are income last year was £8300 would we get any help

As I understand it, wtc is unaffected.

It's just ctc that has changed.

DaiJoA

One thing that I hoped would have been addressed but hasn't is the 'funding' for children from age 3 for 15hrs of nursery care/education each week, which sounds great on paper until you realise that those 15hrs cant be taken as two seperate whole-day sessions, or anything remotely resembling anything that could allow the mother to go to work - the 15hrs are worked out as five 2 1/2 hour sessions, one per day, which is totally and utterly useless when it comes to helping the mother back into work, and so therefore a complete waste of public money.

Unless you are lucky enough to have someone to drop off and pick up your child, these hours only go towards lowering the childcare bill or as some 'free time' for the mother - there are countless single mothers at my childs' pre-school who take their children there every day then go back to their paid-for flats to watch Jeremy Kyle etc...don't they realise how precious these pre-school days are? My child only goes twice a week as I'd much rather we spent the rest of the time together.

The age threshold has just been lowered to two and a half so even more money is wasted - why can't they make it just one whole day session, or something that would actually be of some use to people like me who would love a job but cannot find one with suitable hours to work around my child (and because we are living together my partner and I aren't entitled to anything - I would rather go without treats and enjoy being with my child).

Am disappointed that this child care provision is never addressed.