Wow £50 a week worse off from today

anguk

ovoreo wrote: »

I hadn't appreciated benefits were so prolific and available to such high earners. However the fact remains you become reliant and when they are withdrawn suddenly it is painful. It really can't be easy although this forum is probably the best place to be in terms of working out how to cut back. I think another poster made a good point, start trying to make do without them because come 2013 they'll all be withdrawn. Start planning now so it is isn't as painful.

I hadn't realised either. Tax credits weren't around when my kids were young so I'm really surprised by how much you can earn and still receive tax credits.

I also find it quite ironic that you often get people blaming the financial state of the country on "benefit scroungers" yet those people doing the complaining are often receiving high amounts of benefits themselves in the form of tax credits. I know someone who constantly complains about her tax pounds paying for other people's benefits yet she herself receives more in tax credits than she pays in tax!

Nitha

also op by your figures ctc will cover all but £86 pw of childcare? Then you'll get £134 every 4 weeks in Child ben. you'll need to cover just over £50 pw from your income? That's very good!!!! I worked part time and was paying about that after ctc and chb came off the bill.

melly1980

anguk wrote: »

I hadn't realised either. Tax credits weren't around when my kids were young so I'm really surprised by how much you can earn and still receive tax credits.

I also find it quite ironic that you often get people blaming the financial state of the country on "benefit scroungers" yet those people doing the complaining are often receiving high amounts of benefits themselves in the form of tax credits. I know someone who constantly complains about her tax pounds paying for other people's benefits yet she herself receives more in tax credits than she pays in tax!

aye...the old benefits cast system. Seen plenty of them, morons they are. Seem to think they should be entightled to more payments because they work but nothing should be given to those who dont. I think they have lost sight of what the welfare system is supposed to be there for and to be brutal about it is isnt to fund holidays and SKY TV.

melly1980

hcb42 wrote: »

These tax credits wind me up. The amounts paid out is crazy.

Its not the amount that winds me up, its that so many people who claim them think its some kind of god given right to have and dont appeciate how much they are bumped up.

I did a few calculations and if a family had the same number of kids as me (4) then the combined effects of tax credits and CB brings their income to within 300 or so a month (closer when I lose CB) of me even if their combined wages are 15K less. Its ludicrous

antrobus

shaftola wrote: »

... I earn around £17000 my partner earns around £13000... We have two boys aged 18 months and three and half, both in full time nursery... £280 per week in nursery fees...

I know this is going to sound brutal, but £280 per week is £14,560 per year. It makes absolutely no economic sense at all to pay somebody £14,560 pa to look after your kids so that one of you can go out and get a job that pays £13,000 pa (Gross before deductions). And it's insane that we have a tax-benefits system that encourages people to do this.

sunnyone

Nitha wrote: »

Tax credits should go but obviously the dependency is there at the moment. However the cuts are having an impact on the retailers - look at the Asda/Tesco price wars, food is getting more and more reasonable. In turn we should 'need' less money. People paying childcare are hit the worst but remember it's five years max (4 for most who take full mat leave).

We are lucky people really - think of the 30s recession in the USA. At least we've a roof over our heads.

Do you actually do your families weekly shop?

Those that do have noticed the huge increase in price of everyday items like bread and milk alongwith the the massive rise in the costs of meat, veg and everything else in the last 18 months.

Its well over a pound for a decent loaf of bread today!

JOHNNY_LOVES_JAZZ

bestpud wrote: »

I've had my eyes opened recently. I had no idea so many families with a reasonable income were raking in hundreds in tax credits!!

No wonder the country is in a mess! It's blamed on those at the bottom of the pile, but in fact, plenty of apparently self sufficient families have been doing very nicely with the help of benefits!!

It's even worse when they moan about pension contributions as that would have increased the tax credit allowance further!

Shocking!! :eek:

That's what makes me laugh too.
There is so much condemnation of people on benefits however most people in this country are benefit claimants of some sort.
It just amuses me to hear them moan now they are realising it,I don't actually think they had considered they were part of the system before these cuts made it obvious.
The tax credit system was ridiculous at the levels it was,it needed cutting drastically.

cullengirl

Just my tuppence worth

How about if we scrapped all tax credits and made child care free - no excuses for not working then.

There could possibly be a small amount of top up available for the really low paid but only if 1 partner worked full time and the 2nd worked at least part time.

I get fed up working my socks off to see other mums not working spending time with their kids whilst there partners wages gets topped up by tax credits to about the same as ours.

liam8282

Nitha wrote: »

Tax credits should go but obviously the dependency is there at the moment. However the cuts are having an impact on the retailers - look at the Asda/Tesco price wars, food is getting more and more reasonable. In turn we should 'need' less money. People paying childcare are hit the worst but remember it's five years max (4 for most who take full mat leave).

We are lucky people really - think of the 30s recession in the USA. At least we've a roof over our heads.

What about all the benefits that have been or were made available to people with mortgages who couldn't afford to pay them?

People were getting their mortgages paid for, this would have amounted to so much more than people have received in for example a childcare element of tax credits.

But these benefits seem to be ignored by the high & mighty brigade, it doesn't quite fit their argument that it is only low income families that claim tax credits or benefits.

melly1980

liam8282 wrote: »

What about all the benefits that have been or were made available to people with mortgages who couldn't afford to pay them?

People were getting their mortgages paid for, this would have amounted to so much more than people have received in for example a childcare element of tax credits.

But these benefits seem to be ignored by the high & mighty brigade, it doesn't quite fit their argument that it is only low income families that claim tax credits or benefits.

im pretty sure only the interest was paid, which stops repossessions. This si essentially giving money to the bank / mortgage provider not those people. They didnt financially gain out of it.