My sister is so worried about tax credits in April '12

Icequeen99

gillianread wrote: »

childcare vouchers is to do with working tax credits, i'm not talking about that , i'm talking about normal child tax credits for all the ppl that have had a letter , if u got 2 or more kids the rates are higher than what the letter states

WTC and CTC go hand in hand for calculation purposes, getting some of the WTC elements changes the cut-off figure for CTC.

Childcare vouchers are nothing to do with tax credits. There is a childcare element of WTC, and again if you claim that, the figure where your CTC runs-out will be different. Zagfles and the others are correct.

IQ

Charityworker

I hear that Child Tax Credit is going up in April. is that right? Or was I hearing things?

Murgatroyd21

monkeyme24 wrote: »

Many thanks .. my tax credits are £94 per week at the minute will these change as of april as myy friends has gone down some what .....This Year 2011/12 we have a joint income of £19,400 with one child, with childcare costs of £66.00 a week.

Our estimated income for 2012/13 will be approx £22,200 He works full time 38 hours per week and i work 16 hours a week.

am hoping it will roughly stay the same .. be great if you could help

About £95pw

Murgatroyd21

kay126 wrote: »

Can anyone help me please,
2011/12 joint income was 19.5k, we have 1 child and work 38 and 20 hours.
We have no childcare costs.
We currently get no WTC and recieve 48pound pw.

2012/2013 joint income predicted to remain the same, still with no childcare costs. Will our figures be changing at all if our situation remains the same as last tax year?

Should stay about £48pw

Murgatroyd21

Charityworker wrote: »

I hear that Child Tax Credit is going up in April. is that right? Or was I hearing things?

Yes, the child element increases £135pa (£2.60pw). See http://www.hmrc.gov.uk/rates/taxcredits.htm

markmas

We have a similar situation to the OP's sister.

I wonder if someone could kindly could a question I am unclear on??

I work 40 hours a week. My wife stays at home and looks after the children.
We have 3 children under 5 years old.
We have no child care costs.
No disabilities.

Could i check the maximum I can earn and still receive tax credits for 2012-2013?

Am I correct in saying it is £38,399?

Murgatroyd21

markmas wrote: »

We have a similar situation to the OP's sister.

I wonder if someone could kindly could a question I am unclear on??

I work 40 hours a week. My wife stays at home and looks after the children.
We have 3 children under 5 years old.
We have no child care costs.
No disabilities.

Could i check the maximum I can earn and still receive tax credits for 2012-2013?

Am I correct in saying it is £38,399?

About £38734 to get the minimum payment of £26pa in your circumstances

markmas

Murgatroyd21 wrote: »

About £38734 to get the minimum payment of £26pa in your circumstances

Ok, that is great thank you!