Working Tax Credits Question

tbs152

Hi everyone,

I was told recently that I may qualify for working tax credit, but was wondering if anyone knew for sure? I did the calculators online but they come out with different responses and confuse me more!

My circumstances are as follows:

Age: 25
Annual income (total): £20,500
Work: Full-time 40 hours /week
Rent privately, live alone.
Drive to work, spend £50/week on petrol

Does anyone have any advice?

Thanks

iamana1ias

tbs152 wrote: »

Hi everyone,

I was told recently that I may qualify for working tax credit, but was wondering if anyone knew for sure? I did the calculators online but they come out with different responses and confuse me more!

My circumstances are as follows:

Age: 25
Annual income (total): £20,500
Work: Full-time 40 hours /week
Rent privately, live alone.
Drive to work, spend £50/week on petrol

Does anyone have any advice?

Thanks

I certainly hope not!

karenx

cut off is 18k so no you won't get any working tax credits

DX2

tbs152 wrote: »

Hi everyone,

I was told recently that I may qualify for working tax credit, but was wondering if anyone knew for sure? I did the calculators online but they come out with different responses and confuse me more!

My circumstances are as follows:

Age: 25
Annual income (total): £20,500
Work: Full-time 40 hours /week
Rent privately, live alone.
Drive to work, spend £50/week on petrol

Does anyone have any advice?

Thanks

You earn too much to be entitled to WTC.

PasturesNew

karenx wrote: »

cut off is 18k so no you won't get any working tax credits

Where did you get that from? I thought it was about £13,000 - £13,500 or so.

£18,000 is a lot!

GEEGEE8

Yeah, £13,300 I believe..

PasturesNew

tbs152 wrote: »

Drive to work, spend £50/week on petrol

How much it costs you to get to work is irrelevant, they never count that in.

Indie_Kid

PasturesNew wrote: »

Where did you get that from? I thought it was about £13,000 - £13,500 or so.

£18,000 is a lot!

It depends on your circumstances. (single, couple, disabled, etc)

DX2

PasturesNew wrote: »

Where did you get that from? I thought it was about £13,000 - £13,500 or so.

£18,000 is a lot!

GEEGEE8 wrote: »

Yeah, £13,300 I believe..

I posted this already today.

DX2 wrote: »

Ok just seen your other post she earns £18,000 she earns too much to be get working tax credits.

What is the cut off point of income for Working Tax Credit?



The cut-off point of income for getting Working Tax Credit is different for different people. The point at which you stop getting it will depend on your circumstances.


For example, if:

• You are a couple without children and
• You are not disabled and
• You and/or your partner work at least 30 hours a week

the cut off point is £17,458.

GEEGEE8

Well as he said he lives alone I presumed he didn't have a partner or children.

He mentioned petrol money so I guess I presumed he would have mentioned a partner or child if he had one.