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Tax credits under new rates 11/12

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Comments

  • bells123
    bells123 Posts: 43 Forumite
    how did you work all this out?
    its so confusing

    can anyone help me

    joint income of 42000
    hubby 36000
    me 6000

    3 kids

    childcare costs 133 per week

    thanks in advance
  • zagfles
    zagfles Posts: 21,687 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    bells123 wrote: »
    how did you work all this out?
    its so confusing

    can anyone help me

    joint income of 42000
    hubby 36000
    me 6000

    3 kids

    childcare costs 133 per week

    thanks in advance

    Lauzellen has laid it out above.

    Add another 2555 (as you have 1 more kid than the OP), and substitute your joint gross income and childcare costs for the OP's in the calculation.
  • bells123
    bells123 Posts: 43 Forumite
    Thanks for that. But I don't know what the little
    Stars stand for in the calculation do can't work it out
    God I must be thick. Lol
  • zagfles
    zagfles Posts: 21,687 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    bells123 wrote: »
    Thanks for that. But I don't know what the little
    Stars stand for in the calculation do can't work it out
    God I must be thick. Lol

    Multiplication. (The Windows calculator uses * for multiply)
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