Could anyone please help working out 2011/12 tax credits

harveymail

As above if anybody could help please, details as below

1st adult income £19000.00 - 30+ hours
2nd adult income £6400.00 - 16 hours approx

1 higher rate DLA adult

2 Children
Both in school
1 higher rate DLA child

Have looked on here http://www.hmrc.gov.uk/rates/taxcredits.htm

but getting a bit muddled up.

Thank you for reading and for helping if you can

flight747

just go to your local CBA office to help! Never mind here.

dmg24

flight747 wrote: »

just go to your local CBA office to help! Never mind here.

CBA? I thought that was your attitude to work!

harveymail, I can't answer your question but someone will be along shortly who can. In the meantime, this link explains the changes that are happening in April, so might be worth a read?

harveymail

flight747 wrote: »

just go to your local CBA office to help! Never mind here.

Really no need to be so rude, I have read other posts where kind people have worked it out for other users so I was just asking if anybody could help me. If they can't, that is fair enough but there is no harm in asking.

harveymail

dmg24 wrote: »

CBA? I thought that was your attitude to work!

harveymail, I can't answer your question but someone will be along shortly who can. In the meantime, this link explains the changes that are happening in April, so might be worth a read?

Thank you, I am just get muddled up or if I am honest I should I say I don't understand :rotfl:the threshold and withdrawel amounts etc and cannot work it out from there.

jameslord

got to moneyformums. co.uk

try this i dont know if it has been updated for 2011 but it might give a better idea

shop-to-drop

Have you left out a zero on the first income? £1900 can't be correct for 30+ hours.

dmg24

harveymail wrote: »

Thank you, I am just get muddled up or if I am honest I should I say I don't understand :rotfl:the threshold and withdrawel amounts etc and cannot work it out from there.

I'm a bit lost with the changes too! I can't find an updated calculator, turn2us and the HMRC one haven't been. Let us know if you find one?

harveymail

shop-to-drop wrote: »

Have you left out a zero on the first income? £1900 can't be correct for 30+ hours.

Oops, it should be £19,000, thank you for pointing it out

harveymail

Think I may have worked it out, fingers crossed, here goes

Basic Element £1920
Couple & Lone Parent Element £1950
30 Hour Element £790
Disabled Worker Element £2650
Servere Disabled Working Element £1130

Child Tax Credit Family Element £545
Child Element £2555 (Child 1)
Child Element £2555 (Child 2)
Disabled Child Element £2800
Servere Disabled Child Element £ 1130

Total Tax Credits £18,025

Income

Adult 1 £19000
Adult 2 £6400

Total Income £25,400

Minus £6420 (First Income Threshold)

Total £18,980 x 41% (First Withdrawal Rate) (Per Cent) = £7781

£18,980 minus £7781

Grand Total = £11,199 (£215 approx per week)

PLEASE SOMEBODY POINT IT OUT IF I HAVE NOT DONE IT CORRECTLY

harveymail

I may have got it wrong, there is something on the site about a £10k disregard, what is this pray tell? Complicated, complicated, complicated arrrrrrrrrrhhhhhhhhh