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30 hour element tax credit query?

haydav39
Posts: 173 Forumite
Im not sure if working full time or part time makes any different to tax credits. does anyone know what difference it makes. If you are earning the same amount. having recently changed jobs doing less hours, but earning same as before. not sure whether it changes anything? thanks
hope someone can help.
hope someone can help.
Wins so far: Baby show tickets £26.00, silverstone tkts, national trust tkts £25.00 Oil of olay gift set
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Ipsos: £10 boots vcher, Toluna 20,000pnts: £10 sainsburys vcher, valued opinions £10, onepoll: £19.10 Toluna 20,000pnts Shop and Scan £20
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Comments
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Yes - if your hours go below 30 you don't get the 30 hour element (and if you don't have kids or disabilities you may not get anything).
This is a change of circumstance you MUST tell them about.0 -
its not actually me, I was asking for a friend. Im currently on mat leave. But will advise them , thanksWins so far: Baby show tickets £26.00, silverstone tkts, national trust tkts £25.00 Oil of olay gift set
Ipsos: £10 boots vcher, Toluna 20,000pnts: £10 sainsburys vcher, valued opinions £10, onepoll: £19.10 Toluna 20,000pnts Shop and Scan £200 -
AFAIK, its about £15 a week however as the income would most likely be more, the tax credit award will be less.0
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From April 2011, if your income is above £6,420 per annum then for every £1 above this you earn, your Working Tax Credits will be reduced by 41p. You need to work out if it will be worthwhile or not.
Good luck.DF0
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