Tax credits 2011- 2012

leese2504

Could anybody be kind enough to work tax credits below out?

Joint aware

Joint earnings: £26,000.00 per year
3 kids: 10,7 & 3
childcare x 1 child is £5880.00 per year
no disabilities etc
both work over 30 hrs per week

Then could you re-do if joint earnings where: £33k but everything else the same.

much appreciated x

leese2504

can anybody help me please?

zarazara

go to www.entitledto.com and input your details.

ce1

leese2504 wrote: »

Could anybody be kind enough to work tax credits below out?

Joint aware

Joint earnings: £26,000.00 per year
3 kids: 10,7 & 3
childcare x 1 child is £5880.00 per year
no disabilities etc
both work over 30 hrs per week

Then could you re-do if joint earnings where: £33k but everything else the same.

much appreciated x

Hi,
This is what I get, hopefully someone will come and check my maths though to make sure i've done it right:

Family element: 545
Basic: 1920
Couple: 1950
30hr: 790
3 x child: 2555ea
70% of childcare: 4116
Total: 16986

Withdrawal at 41% over 6420: 26000-6420*0.41 = 8027.80
Or: 33000-6420*0.41 = 10897.80

Gives £8958.20 per annum so £172.27 per week (based on income £26000)

Gives £6088.20 per annum so £117.08 per week (based on income £33000)

Hope that helps.

Gives

leese2504

Brilliant thanks for your help

lauzellen

ce1 wrote: »

Hi,
This is what I get, hopefully someone will come and check my maths though to make sure i've done it right:

Family element: 545
Basic: 1920
Couple: 1950
30hr: 790
3 x child: 2555ea
70% of childcare: 4116
Total: 16986

Withdrawal at 41% over 6420: 26000-6420*0.41 = 8027.80
Or: 33000-6420*0.41 = 10897.80

Gives £8958.20 per annum so £172.27 per week (based on income £26000)

Gives £6088.20 per annum so £117.08 per week (based on income £33000)

Hope that helps.

Gives

That is right :beer: