Income threshold 2012

kins77

Hi I was looking on the tax credits page and it says that the £40000 threshold has been with drawn! Wat does that mean? As my husband has started a really good job and our joint income will take us over!!

zagfles

It means if you'd have only been entitled to the family element (ie £545 a year) you probably won't get it.

In some circumstances you can get tax credits on over £40,000 (large family 4+ kids, or high childcare, or disabilities etc)

kins77

Thanks it's all very confusing! It makes me wanna give up work.

tomjonesrules

kins77 wrote: »

Thanks it's all very confusing! It makes me wanna give up work.

You'd rather claim benefits than work?

Vejovis

kins77 wrote: »

Thanks it's all very confusing! It makes me wanna give up work.

for the sake of £545? yeh well worth giving up work for.

kins77

Yeah I understand wat your all saying! I have got ms and it's sometimes a real struggle to go to work, I was just having one of them days yest!