Tax credits stopping in April 2012

NoBS_2

Jess23x wrote: »

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.

Not really. Your partner's earnings alone take you over the threshold. Even without your salary you would get nothing I'm afraid.

Spendless

Jess23x wrote: »

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.

I'm surprised yours didn't stop last April. Most peoples whose income was around £40kish without childcare costs did.

NoBS_2

Spendless wrote: »

I'm surprised yours didn't stop last April. Most peoples whose income was around £40kish without childcare costs did.

Because of the disregard no doubt. It may have been good for those in need but it has caused nothing but problems since Gordon Brown announced it. People getting WTC when their incomes are 30k etc etc......

Staff are harrassed constantly because when the award drops drastically, they contact the helpline to complain.

It doesn't seem right (not the OP) but thousands of people don't stop to think about why their income went up but their tax credits didn't stop. Or maybe they did

Murgatroyd21

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.

So, that suggests we should check with our employer that a job and guaranteed income will be available for at least the duration required to support a child into adulthood (18), our doctor to confirm there will never be a medical problem that results in inability to work, and Mystic Meg to make sure no other !!!!!! injures us!

Ho hum.

ruggedtoast

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.

That's not especially helpful in the context of this thread. In any case, I presume you are happy for the children to grow up, become taxpayers themselves, and then fund your pension and NHS bill?

Or is it different when they money's going the other way?

stjman

MissMoneypenny wrote: »

Nice. Your welfare cuts couldn't happen to a nicer person.

Are you calling my children not nice people ? I suggest you don't make this personal....but as you have..... what's your story ? I presume as you are commenting on this thread it is relative to you in some way ?

Tell us all....

shedboy94

Jess23x wrote: »

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.

This is not a personal dig, but if you think you should be receiving benefits with a HH income of £46000......what should the limit be - or should everyone get benefits regardless of their income?

melly1980

shedboy94 wrote: »

This is not a personal dig, but if you think you should be receiving benefits with a HH income of £46000......what should the limit be - or should everyone get benefits regardless of their income?

the problem is there are so called poor people with 3 kids that end up with nearly the same salary as these guys. Time and again this fact gets ignored but many of these rich 40K earners are no better off than a family with 2 minimum wage earners on tax credits with kids.

kre776

Hello, I wondered if one of you knowledgeable people could shed some light on this for me.

I know that from April the tax credit annual income limit for couples with one child drops to £26,000. However, the wording of the budget changes seems to suggest that it's not as clear cut as that, for example if you pay for approved childcare.

My husband and I will (all being well!) earn a joint income of around £27,600 next year and we will pay £72 per week childcare (reduced from this year as our little boy turns 3 in November and will qualify for the 15 hours free from next Jan). No disabilities and I work 22 hours, my husband 26 hours a week.

I rang the tax credit people today and they will not give me any information until 6 April but she said we wouldn't get a letter as they are using previous salary information (which is less than £26k).

Does anyone know whether the cut-off is just that at £26,000 or if paying childcare does raise it a little?

We are assuming that we will get nothing but it's so difficult to figure out what to do when you can't get any information in advance from them!

shedboy94

melly1980 wrote: »

the problem is there are so called poor people with 3 kids that end up with nearly the same salary as these guys. Time and again this fact gets ignored but many of these rich 40K earners are no better off than a family with 2 minimum wage earners on tax credits with kids.

So what's the solution then?