Wow £50 a week worse off from today

Mikazaru

How does it pay you not to work? With your current tax credits and child benefit you get £227 a week, leaving you just £50 a week to pay in child care. With the rise in the tax allowance for both of you surely you won't be that worse off?

shaftola

dtaylor21184 wrote: »

Well we have taken a similar cut and we don't earn half of your wage so we are in serious trouble now.

Good luck,

liam8282

shaftola wrote: »

29.5k is the most we've ever earned in a year before tax etc,
nursery cost 15k a year for our two children in full time nursery

Not forgetting that you get 80% (last year) back in tax credits, so the nursery cost is actually £3,000.

70% this year, so £4,500.

plumtreebabe

Wouldn't you still be safer hanging on to two jobs as the security is there if one person becomes unemployed? If you are also paying in to a pension scheme you are jeopardising this too. I would keep the jobs while you can, especially as it is so much harder to get back into the work place after a break (I know, I've done it).

liam8282

Mikazaru wrote: »

How does it pay you not to work? With your current tax credits and child benefit you get £227 a week, leaving you just £50 a week to pay in child care. With the rise in the tax allowance for both of you surely you won't be that worse off?

I have had discussions about this before, on other threads on this site.

People in this position do not view it as being say £50 a week or £200 pm better off working full time.

They see it as, having to work full time to only benefit to the tune of £200 pm.

That values there full time job at £200 pm.

When you think of it like that, it is easy to see why people choose benefits, rather than working full time.

p00

I remember the days when you were expected and had to fund your own children if you chose to have them not have tax credits etc etc and still want more. Stop moaning and realise how lucky you are.

charlieismydarling

Isn't everyone losing 10% of their childcare fees though taking the contribution from 80% to 70%.

Op your comments regarding single mums are offensive and disgusting. Why the need to attack those less fortunate?

You should be able to manage on 29k less 4.5k for childcare which comes to 24.5k. As your boys go to school the costs go down until they become much more manageable.

catfish50

liam8282 wrote: »

I have had discussions about this before, on other threads on this site.

People in this position do not view it as being say £50 a week or £200 pm better off working full time.

They see it as, having to work full time to only benefit to the tune of £200 pm.

That values there full time job at £200 pm.

When you think of it like that, it is easy to see why people choose benefits, rather than working full time.

Tax credits ARE benefits. The OP is complaining because her benefits are being reduced.

charlieismydarling

She will also be getting child benefit to the tune of £33.7 a week..

shaftola

Mikazaru wrote: »

How does it pay you not to work? With your current tax credits and child benefit you get £227 a week, leaving you just £50 a week to pay in child care. With the rise in the tax allowance for both of you surely you won't be that worse off?

Rising fuel cost are the main worry?
My partner uses her car for work she's a support worker,
she does around 350 miles a month,
the cars a 1.8 which at the moment is costing £50 - £60 a week to fill up,
She get's some expenses £51 a month plus 24p a mile,
about £140 a month,

everyones situations different,