what is the maximum income for working tax credits?

mumof3kids

hi people
i was just wondering if anyone knew what the maximum income for a couple is to claim working tax credits?
last year my husband was between jobs and with my part time wages we were entitled to a fair bit of tax credits but this year we have finally managed to both work full time and part time respectively.
i have renewed our tax credits claim for this year and have been told by HMRC that we are no longer entitled to the working tax credit anymore, i don't want to sound greedy but as we have a fair bit of debt i would like to try and claim everything we are entitled to.
any info would be greatly appreciated
mumof3

relic

entitledto has all your answers.

Russe11

there is a table on hmrc website and some information on direct.gov

For avoidance of doubt just make a claim anyway and if your not entitled you won't get anything.

It is a slight problem for the economy if if debt is serviced only because of benefits, if its a lot of debt then there maybe better solutions or other ways of helping you cope... ask on the coping with debt forum.

KimYeovil

About £50K. Plus you should still get a little for childcare up to £60K.

mumof3kids

hi thanks for your answers
our total income for last year was less than £25,000 and they said we are no longer entitled to working tax credits. this was also the answer on the HMRC website, i'm not complaining if this is true but just wanted to know if someone could confirm it.
mumof3

ironwright

i am not sure, but i think you will still get the Child tax part, not working.

We get child tax credits at basic rate, something like £545 per year.

mumof3kids

yes we have been quoted for the child tax credit and the childcare element but not the working tax credits.
ho hum, more overtime it is!

liam8282

This might help:

http://www.adviceguide.org.uk/index/your_money/benefits/benefits_and_tax_credits_for_people_in_work.htm#how_much_working_tax_credit_will_you_get

The tax credit calculation

To work out how much Working Tax Credit is due, the separate elements of Working Tax Credit which apply to you are added together. If you are entitled to Child Tax Credit as well as Working Tax Credit, your maximum Child Tax Credit is worked out at the same time and added to your maximum Working Tax Credit.
Your income for the tax year is compared to a threshold of £6,420. Usually, your income for the previous tax year is used. If your income is less than the threshold, you get the maximum Working Tax Credit (and Child Tax Credit if this applies). If your income is more than the threshold, your tax credit will be reduced. Working Tax Credit (except for the childcare element) is taken away first, followed by the childcare element. If your income is too high, you will not get any Working Tax Credit. However, you may still get some Child Tax Credit, if you are entitled, because this is the last part of your total tax credits to be reduced.
The tax credit calculation is very complicated. To get some idea of how much you should get, you can use the online calculator on HM Revenue and Custom's website at: www.hmrc.gov.uk. If you want to check exactly how much WTC you should be getting, you should consult an experienced adviser, for example, at a Citizens Advice Bureau. To search for details of your nearest CAB, including those that can give advice by email, click on nearest CAB.

ironwright

mumof3kids wrote: »

yes we have been quoted for the child tax credit and the childcare element but not the working tax credits.
ho hum, more overtime it is!

i know the overtime feeling lol, me and hubby both do it and I have just set up my own part time company. HMRC have been great with setting up tax and ni contrubutions.

The government did say it's the middle people who will be affected.

themull1

I put my salary in of £15,500 and i wouldnt be entitled to it.