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How do you up your income when claiming WFTC/CTC and HB
life_in_termoil
Posts: 1,036 Forumite
I was just wondering how people manage to up their income when claiming WFTC/CTC and housing benefit.
If I got a second job id pay more tax, and all of the above benefits would be reduced so I probably wouldnt be any better off
If I got a second job id pay more tax, and all of the above benefits would be reduced so I probably wouldnt be any better off
Sealed Pot Challenge member #982
In 2012 I pledge to:- Save £1 a day, meal plan, be more organised, have NSDs, set myself a budget AND STICK TO IT, throw all loose change into Sealed Pot and not open it till 29th November.:money:
In 2012 I pledge to:- Save £1 a day, meal plan, be more organised, have NSDs, set myself a budget AND STICK TO IT, throw all loose change into Sealed Pot and not open it till 29th November.:money:
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Comments
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life_in_termoil wrote: »I was just wondering how people manage to up their income when claiming WFTC/CTC and housing benefit.
If I got a second job id pay more tax, and all of the above benefits would be reduced so I probably wouldnt be any better off
Well, there is the problem. If you up your "wages" by £5 you'll probably lose £2 to £4.50 in benefit reductions.
IDS wants to find a new way. But until he sorts that out, the only answer is to accept the miminal extra amount you get for every £5, until you start to escape the benefit trap. It's the only way to have a future.:cool:0 -
I dont think I am ever going to escape the benefit trap... unless
I land myself a job earning over 30 grand a year or
I win the lottery or
I inherit alot of money or
Find myself a rich boyfriend or
Wait till all the kids have moved out and I find somewhere cheap to live OR
ex gets himself a job and starts paying maintenance!!!Sealed Pot Challenge member #982
In 2012 I pledge to:- Save £1 a day, meal plan, be more organised, have NSDs, set myself a budget AND STICK TO IT, throw all loose change into Sealed Pot and not open it till 29th November.:money:0 -
Well, there is the problem. If you up your "wages" by £5 you'll probably lose £2 to £4.50 in benefit reductions.
Not really, the odds of having 2 jobs and still earning under the WTC threshold is probably slim, taking the 2nd job will probably lose all all (or virtually all) WTC entitlement.====0 -
So unless I can find a second job within walking distance from home then its not really worth while
Sealed Pot Challenge member #982
In 2012 I pledge to:- Save £1 a day, meal plan, be more organised, have NSDs, set myself a budget AND STICK TO IT, throw all loose change into Sealed Pot and not open it till 29th November.:money:0 -
life_in_termoil wrote: »So unless I can find a second job within walking distance from home then its not really worth while
Of course it is - that job could lead onto something with more money, and so gradually you will become more self sufficient. However if you don't have the second job, there is no scope to progress in it - you've got to be in it to win it!
Gone ... or have I?0 -
life_in_termoil wrote: »I dont think I am ever going to escape the benefit trap... unless
I land myself a job earning over 30 grand a year or
I win the lottery or
I inherit alot of money or
Find myself a rich boyfriend or
Wait till all the kids have moved out and I find somewhere cheap to live OR
ex gets himself a job and starts paying maintenance!!!
You could also try further education and get qualified in an occupation that generally pays £30k a year.You need to aim higher than you appear to be at present.
When I left school I did an apprenticeship and whilst I was getting around £28-00 per week my mates were all earning around £100-00 a week.
Now a few years down the line I'm qualified in my field and earning around £30k a year whilst those same mates are earning about £16k.
Sure you will get knock backs and rejections ,we all did/do but rise above and plug away and if you want it bad enough it will happen.Make the effort during the economic downturn and it will be to your benefit long term...
Good luck.............0
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