Tax credits

caz246

Hi,

I had a baby in April and return to work in March. My son will be going to nursery full time (approved childcare) and my partner and I will both work full time. Our combined income will be roughly £35,000. Childcare is going to cost us £200 per week.

I have tried looking online for info on what, if anything we may be entitled to in the form of tax credits. It's all so confusing! My employer also runs the childcare voucher scheme and I don't know whether using that would work out better for us.

I have never claimed any tax credits before.

Anyone who could help in any way I would be very grateful.

Thanks

xylophone

http://www.direct.gov.uk/en/Parents/Childcare/DG_4016029

Pegjes44

caz246 wrote: »

Hi,

I had a baby in April and return to work in March. My son will be going to nursery full time (approved childcare) and my partner and I will both work full time. Our combined income will be roughly £35,000. Childcare is going to cost us £200 per week.

I have tried looking online for info on what, if anything we may be entitled to in the form of tax credits. It's all so confusing! My employer also runs the childcare voucher scheme and I don't know whether using that would work out better for us.

I have never claimed any tax credits before.

Anyone who could help in any way I would be very grateful.

Thanks

You need to phone the Tax Credit and they will tell you straight away if you are entilted for Tax Credit and Working Tax credit. If yes, they will start to pay you very quick, less than 2 weeks. Good Luck

caz246

Just to update, I rang tax credits this morning and asked if they could give me an estimate based on the chnages in April (they have access to the new calculator).

As I have been on maternity from April last year they disregard £100 from each week for 39 weeks therefore £3,900 would be deducted from my income last year, which is already considerably less due to being on maternity pay, they also asked for my partners income for this year and our estimated income for next year. So from April we will get quite a bit of help with childcare, due mainly to my partner being unemployed all of last and my income eing lower than normal. But the following year we'll get next to nothing. But good to know we'll be entitled to something this year.

Thanks for your replies, I would give them a ring and ask for an estimate if you're unsure

zagfles

With those childcare costs you should be able to get tax credits even after next year (or did you mean £200 per month instead of week?).

You'll might be better off taking vouchers and using tax credits for the rest of the cost, see here:

http://www.hmrc.gov.uk/calcs/ccin.htm