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sorry another tax credit query
vickster75
Posts: 36 Forumite
Can anyone attempt to give me a rough idea what my new award would be for 2011/2012 with the new changes??
Single parent
working 30hrs plus
earning £17k
2 children - no disabilities
Average £220 childcare costs.
Its driving me mad trying to work it out myself
Single parent
working 30hrs plus
earning £17k
2 children - no disabilities
Average £220 childcare costs.
Its driving me mad trying to work it out myself
0
Comments
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Entitlements: 1920 + 1950 + 790 + 545 + 2555 + 2555 + (220*52*0.7) = 18323
Reduction due to income: (17000 - 6420) * 0.41 = 4337.80
Over all year entitlement: 18323 - 4337.80 = 13985.20
Weekly entitlement: 13985.20 / 52 = £268.94Daughters Sealed Saving Pot - start them young :money: £90 :T0
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