Tax credits stopping in April 2012

sweetuk

We also got the letter today. Joint income of £30,000 1 child no disabilites currently entitled to £42 a month. As of 5th April we won't be entitled to anything as our income is above £26,000.
Rang them up and it is as simple as that - the claim will end unless we want it kept open on record incase anything changes in the future.

So what happens to the money we were entitled too for 2011/2012? as what we recieve each month was based on what we earned in 2010/2011.. on the phone i was told that from April we wouldn't be entitled to anything.

What a farce really whoever decided a joint income of £26,000 was enough for a family!

Murgatroyd21

sweetuk wrote: »

We also got the letter today. Joint income of £30,000 1 child no disabilites currently entitled to £42 a month. As of 5th April we won't be entitled to anything as our income is above £26,000.
Rang them up and it is as simple as that - the claim will end unless we want it kept open on record incase anything changes in the future.

So what happens to the money we were entitled too for 2011/2012? as what we recieve each month was based on what we earned in 2010/2011.. on the phone i was told that from April we wouldn't be entitled to anything.

What a farce really whoever decided a joint income of £26,000 was enough for a family!

The payments you get in 2011/12 are based on the lower household income of either the current tax year (2011/12) or the previous tax year (2010/11) whichever one gives you the highest entitlement. In the main, this is how it is calculated, although other income changes can effect the claim.

If you believe next tax year is going to be less than £26000, or you think some other change will happen that could affect entitlement, let them know you wish to keep the claim open, as the same current/previous comparison happens every year to decide entitlement.

MissMoneypenny

sweetuk wrote: »

What a farce really whoever decided a joint income of £26,000 was enough for a family!

You did; when you decided to have a family.

Murgatroyd21

MissMoneypenny wrote: »

You did; when you decided to have a family.

Did they know at the time of conception the ability to get financial assistance with a child would be dropping to this level? If not, then this is a ridiculous statement.

jojo1964

How did people manage before tax credits??

MissMoneypenny

Murgatroyd21 wrote: »

Did they know at the time of conception the ability to get financial assistance with a child would be dropping to this level? If not, then this is a ridiculous statement.

It is never a good idea to rely on welfare to support yourself or your family, longterm, as welfare payments change. As I said before, he who pays the piper calls the tune.

rockyrach

MissMoneypenny wrote: »

It is never a good idea to rely on welfare to support yourself or your family, longterm, as welfare payments change. As I said before, he who pays the piper calls the tune.

If you've nothing useful to say then just say nothing at all. Have you got nothing better to do?

sch3ll

I spoke to tax credits also a few days ago to inform them of a change in circumstance and I was also advised that the threshold was being considerably reduced and a joint claim where the couple earn 26,000 or more would no longer be entitled to any tax credits from April onwards. Nice while it lasted!!

stjman

Ridiculous comments from miss moneypenny.....do one love !!!

SweetUk....speak to HMRc again, I beleive the threshold may actually be £32k not the £26k earnings as they say in the letter.

My gripe is the benefit system no longer encourages my wife to continue working after April 2012....and pay tax....she would be better off staying at home rather than work and us pay £900 a month in childcare....and guess what....it sounds like we may be entitled to £17 a weeks in benefits if she does stay at home. No wonder people don't want to work if your better off staying at home.

Very, very strange ???? Would like to speak to someone at HMRC who actually knows what they are talking about

Jess23x

I also had a letter today to say they were stopping. I get £40 per month no child care costs as family look after my daughter but I put that noney into her savings. I earn 16k gross and my partner £30k this can vary by quit a bit but it is always more. Why should people who work be penalised if I didn't we probably would be better off.