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Tax credits if moving back in with parents..

linsayp
Posts: 1 Newbie
Hi
We are struggling to pay off debts at the moment and considering moving in with MIL for a while so we can get things paid off quicker. We have a 5 month old son and combined income for this tax year will be about £20k. When I go back to work shortly we will be entitled to £159.85 pw tax credits (incorporating £65.17 child tax credit) as we will be spending roughly £130 pw on childcare.
Does anyone know if our entitlement will change because we'll be living with 2 more adults (with a combined income of about £28k)? Although neither of them will be responsible for our son and we'll be paying 'rent'..?
I would appreciate your comments.
Thanks!
We are struggling to pay off debts at the moment and considering moving in with MIL for a while so we can get things paid off quicker. We have a 5 month old son and combined income for this tax year will be about £20k. When I go back to work shortly we will be entitled to £159.85 pw tax credits (incorporating £65.17 child tax credit) as we will be spending roughly £130 pw on childcare.
Does anyone know if our entitlement will change because we'll be living with 2 more adults (with a combined income of about £28k)? Although neither of them will be responsible for our son and we'll be paying 'rent'..?
I would appreciate your comments.
Thanks!
0
Comments
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Make sure though if Granny and Grandad are helping out with the childcare duties, you will need to tell tax credits0
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