difference in £ working 16 v 30 hours a week?

tumptyteapot

Hiya, does anyone know what cut I'll take if I drop my self employment hours to 16 rather than the 13 I do now? I can't find anything clear online at all!

Caz3121

looks like you would lose the £30 hour element
http://www.hmrc.gov.uk/rates/taxcredits.htm

kingfisherblue

And 14 hours worth of wages, if you pay yourself an hourly rate

tumptyteapot

Caz3121 wrote: »

looks like you would lose the £30 hour element
http://www.hmrc.gov.uk/rates/taxcredits.htm

fab link, thank you! so that is £790 a year, £15 ish a week? do you know if it would mess up any other benefits? I get disability benefit for my son, and carers.

HappyMJ

tumptyteapot wrote: »

fab link, thank you! so that is £790 a year, £15 ish a week? do you know if it would mess up any other benefits? I get disability benefit for my son, and carers.

Tax credits affect housing and council tax benefit so you would get more of them due to getting less tax credits unless you already get the maximum amount.