The budget seriously bit back !

Panda_Pie

Wow the budget serious bit me today ! Was due to be geting paid WTC and CTC today [the date of the budget being inforced on tax credits] and I now just less than £30 per week once the little ones nursery fees are paid ... down just over £2500 a year

Plus im a lone parent ... just me that thinks this budget sucks :rotfl:

athensgeorgia

Is that your provisional payments that happens to everyone until their review is done? Mine has dropped too but I was warned on my new award letter last year that they'd be dropping to this. Its on page 5 or 6 after it outlines what your payments are for the current year then explains what they'll be next tax year e.g now.

DX2

Panda_Pie wrote: »

Wow the budget serious bit me today ! Was due to be geting paid WTC and CTC today [the date of the budget being inforced on tax credits] and I now just less than £30 per week once the little ones nursery fees are paid ... down just over £2500 a year

Plus im a lone parent ... just me that thinks this budget sucks :rotfl:

The budget effect hasn't touched your tax credits yet! You haven't even done a re newal yet.

Panda_Pie

I phoned tax credits as 2 payments when into my account and they explain that the payment for £20ish pounds was an underpayment on 2010/2011 and the other payment was my mothly award they did say it was provisional however my non-provisional rate [they explained after i fill in my renewal and it matches m current details] my monthly payment will be up around £10-£15 per month

So they calculated the whole thing and compared to last year [non-provisonal payments] I will get around £2,500 less this year

DX2

Panda_Pie wrote: »

So they calculated the whole thing and compared to last year [non-provisonal payments] I will get around £2,500 less this year

So will that be your reduction in childcare then? Now that tax credits only pay 70% of childcare rather than 80%.

Panda_Pie

DX2 wrote: »

The budget effect hasn't touched your tax credits yet! You haven't even done a re newal yet.

I phoned them and they confirmed the budget changes came into effect today - renewal completed or not

DX2

You could claim child support to make up the short fall if you don't already.

Panda_Pie

B_Blank wrote: »

Are you really complaining about getting slightly less money for free from the government?

Im not complaining im just saying 'the budget bit back' its a change im going to have to live with hence my :rotfl:at the end of my post ... seriously dont try have a go at me

Panda_Pie

DX2 wrote: »

You could claim child support to make up the short fall if you don't already.

Sadly on paper my ex gets job seekers allowance so it would be an allowance of £5 per week [which would be fair enough] however since splitting he has fallen in with some 'dodgy' family members growing a certain 'plant' and is making alot more than the £50ish the government thinks he is makin ... so lost cause there

B_Blank

Panda_Pie wrote: »

Im not complaining im just saying 'the budget bit back' its a change im going to have to live with hence my :rotfl:at the end of my post ... seriously dont try have a go at me

Sorry, thats not what I meant it to sound like. Its just frustrating listening to people moan about getting cuts in their FREE MONEY FROM THE GOVERNMENT (I.E. the tax payer, i.e. people like me).

Having said that, your intention was clearly not to moan about it, and simply wanted to discuss the situation.

I wish you good luck :T:A

DX2

Panda_Pie wrote: »

I phoned them and they confirmed the budget changes came into effect today - renewal completed or not

Yes they come into effect today, but that doesn't affect your tax credits from last year.