Tax credits if moving back in with parents..

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!

Comments

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
  • 349.6K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 452.9K Spending & Discounts
  • 242.5K Work, Benefits & Business
  • 619.2K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support 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.