Can someone do the calculation for me...tax credits?!

Hiya,

I was wondering if anyone could do my tax credit calculation for April based on the new rates.

My taxable income was £19,180 and my partners was £5,200.

We will be paying £230 per week childcare for two children...one who is 3yrs old and the other is currently 3 months old.

Thank you xxx

Comments

  • how many hours do you both work?
  • I work 40 and my partner is on long term incapacity benefit. xx
  • 50Twuncle
    50Twuncle Posts: 10,763
    Photogenic First Anniversary Name Dropper First Post
    Forumite
    AimeesMum wrote: »
    Hiya,

    I was wondering if anyone could do my tax credit calculation for April based on the new rates.

    My taxable income was £19,180 and my partners was £5,200.

    We will be paying £230 per week childcare for two children...one who is 3yrs old and the other is currently 3 months old.

    Thank you xxx

    £230 per WEEK does sound extremely excessive to me - maybe I am in the wrong line of work ?
  • bumpybecky
    bumpybecky Posts: 440 Forumite
    2 children, 40 hours each a week, so £230 works out to be £2.88 per child per hour, not that much really.

    OP, I'm sorry I tried to do the sums, but I've no experience of claiming the childcare bit and I got a bit confused!
  • Icequeen99
    Icequeen99 Posts: 3,775 Forumite
    I worked it out at around £11320 for the year using £24,380 as your 2010-2011 income. Obviously the amount may be different depending on your actual 2011-2012 income.

    Also presumed no disability elements, no disabled children etc....

    IQ
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 342.5K Banking & Borrowing
  • 249.9K Reduce Debt & Boost Income
  • 449.4K Spending & Discounts
  • 234.6K Work, Benefits & Business
  • 607.1K Mortgages, Homes & Bills
  • 172.8K Life & Family
  • 247.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards