16 hours wtc at 60

originator

I know i'm being a bit previous but it makes me all excited,is that true that i can get my weekends back and give up my second pt job/do i have to get the sack or can i just say stuff this? I work 27 and a half hours term time and 14 on the till at Mr S per week. I hit 60 years of age in May and I heard that from April I can claim WTC on 16 hours only instead of 30.please tell me this true and not an illusion

welshmoneylover

originator wrote: »

I know i'm being a bit previous but it makes me all excited,is that true that i can get my weekends back and give up my second pt job/do i have to get the sack or can i just say stuff this? I work 27 and a half hours term time and 14 on the till at Mr S per week. I hit 60 years of age in May and I heard that from April I can claim WTC on 16 hours only instead of 30.please tell me this true and not an illusion

Might need more info, do you have a partner that works and if so, how many hours?

Congrats on being 60 btw

originator

thanks for the congrats it dont feel too good tbh lol no im on my own so it's all down to me

cosmic-dust

originator wrote: »

I know i'm being a bit previous but it makes me all excited,is that true that i can get my weekends back and give up my second pt job/do i have to get the sack or can i just say stuff this? I work 27 and a half hours term time and 14 on the till at Mr S per week. I hit 60 years of age in May and I heard that from April I can claim WTC on 16 hours only instead of 30.please tell me this true and not an illusion

Looks true to me.
http://www.newcastle.gov.uk/core.nsf/a/wr_bench2011
April 2011
Tax Credit changes

• Some people can only get Working Tax Credit (WTC) if they work 30 or more hours a week. For example people without children. This is relaxed to 16 hours for those aged 60 and over.
• The second income threshold of £50,000 will reduce to £40,000
• The basic and 30 hour element in WTC frozen
• Help with child care costs reduced
• Both withdrawal rates of 39 and 6.67% will increase to 41%
• The baby element is withdrawn
• £25,000 earnings disregard reduced to £10,000
• Child Tax Credit child element will increase by £150 above Consumer Price Index.

originator

Great thanks for that(not being totally selfish here,it will give some youngster a job if I vacate the premises).Can't wait to hit 60 now hehe