Working tax credit

PITSEAVILLE

Hi

recently on martins money tip i saw a notice saying that you can earn upto £66,000 and still get help. Unfortunately thats not the case. I contacted the working tax credit people to renew my claim and because i earnt over £14,000 it was stopped. Can anyone please advise me

pitseaville

welshmoneylover

PITSEAVILLE wrote: »

Hi

recently on martins money tip i saw a notice saying that you can earn upto £66,000 and still get help. Unfortunately thats not the case. I contacted the working tax credit people to renew my claim and because i earnt over £14,000 it was stopped. Can anyone please advise me

pitseaville

I thought the theshold for WTC was £17k+ ?

How old are you?
Do you have any dependent children living with you?
How many hours a week do you work?

dmg24

welshmoneylover wrote: »

I thought the theshold for WTC was £17k+ ?

How old are you?
Do you have any dependent children living with you?
How many hours a week do you work?

£17,000 would be for couples, the limit for singles is around £13,000.

OP, the higher figure you quote is for Child Tax Credits, not WTC.

wornoutmumoftwo

We've just lost our WTC but we're on 19K as I applied or carers. We were getting it at below £17K though. Is £14K all your income?

mummyemmy

I'm also confused by the working tax credit....I earn £20K pa - 28 hrs p/wk, my husband has recently become self employed and will earn approx £8K, doing between 16 and 25 hrs per week.

When we go on the calculator on the HMRC site it still comes out as £0 WTC and just gives us CTC. Under what circumstances is WTC paid?

By the way we have two children, one at school and a baby that will be looked after by my husband.

HappyMJ

mummyemmy wrote: »

I'm also confused by the working tax credit....I earn £20K pa - 28 hrs p/wk, my husband has recently become self employed and will earn approx £8K, doing between 16 and 25 hrs per week.

When we go on the calculator on the HMRC site it still comes out as £0 WTC and just gives us CTC. Under what circumstances is WTC paid?

By the way we have two children, one at school and a baby that will be looked after by my husband.

Isn't it further up in the thread £17k for couples? You earn £28k as a couple so it's too much....

mummyemmy

HappyMJ wrote: »

Isn't it further up in the thread £17k for couples? You earn £28k as a couple so it's too much....

Thank you it's just a friend said to me earlier that she gets WTC, she said that her husband earns 20K (well that's what they tell the taxman from what I gathered it may be a lot more...tut tut), she does a bit of work here and there but she said she gets £63 a week, I wonder if she's getting it confused with some other benefit.

Murgatroyd21

Tax credits are made up of both working and child tax credit. Although someone may "qualify" for wtc, after deductions and once a joint income goes above £18300 or thereabouts it will only be ctc element that gets paid.

For a single claimant it's just over £13000.

Indie_Kid

mummyemmy wrote: »

Thank you it's just a friend said to me earlier that she gets WTC, she said that her husband earns 20K (well that's what they tell the taxman from what I gathered it may be a lot more...tut tut), she does a bit of work here and there but she said she gets £63 a week, I wonder if she's getting it confused with some other benefit.

The £63 is likely to be ctc.