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Please help me figure out tax credits
NMSE12
Posts: 248 Forumite
Hello, I can't for the life of me figure out tax credits!
I have just accepted a job 16-24hrs a week £6.55per hour
My husband earnt £28,000 (2010-2011 tax yr) but is estimating earning 30k this year
Childcare for 3 children is about £40 a week ( 2 in FT primary school and a 3yr old)
Now what child tax credit will i get if any and will i get alot less next year? (seen a reduction in our CTC this year due to husbands wages going up)
Will i get any help with childcare and how does that work?
I have looked on all these websites and i'm sure to most they are straight forward but i really can't figure it out!
just need in black and white to see how much i will have each week and if i will be better of working or worse, either way i am working as i am extremely bored of being a FT mummy now!
I have just accepted a job 16-24hrs a week £6.55per hour
My husband earnt £28,000 (2010-2011 tax yr) but is estimating earning 30k this year
Childcare for 3 children is about £40 a week ( 2 in FT primary school and a 3yr old)
Now what child tax credit will i get if any and will i get alot less next year? (seen a reduction in our CTC this year due to husbands wages going up)
Will i get any help with childcare and how does that work?
I have looked on all these websites and i'm sure to most they are straight forward but i really can't figure it out!
just need in black and white to see how much i will have each week and if i will be better of working or worse, either way i am working as i am extremely bored of being a FT mummy now!
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Thankyou i have looked at that and i may be stupid as i don't understand! Will i get my wage on top of that and will i get help with childcare?0
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Thankyou i have looked at that and i may be stupid as i don't understand! Will i get my wage on top of that and will i get help with childcare?
Yes the above it what you get in tax credits, so you get your wage as well (minus tax & NI obviously).
For childcare you might be better off with vouchers, see http://www.hmrc.gov.uk/calcs/ccin.htm0
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