Losing 1400 when partner moves in

apoorlykitten

hi
im currently living alone with my 3 children. i work part time and am in reciept of ctc wtc housing and council tax benefit. i also recieve cb.
ive been with my partner for 4 years and he is going to move in with me on the 1st june.
we sat down and did the tax credit online calculator and to my horror i will lose a significant amount of my income. i earn 5200 a year and my partner 27000. dont get me wrong i know combined that is a good amount of money.
my concern is that i will struggle to contribute, i have been independent soley for 7 years and have worked hard bringing up my boys.
my partner isnt their father ( the father doesnt pay towards the children, never has and is unlikely to ever )

basically im worried as to what will happen ? i know i will loose my wtc hb and ctb, my child beneit is unaffected and the ctc goes down by 100 a week. my partner says he will pay the rent and council tax and we will work out the rest as and when. i will have a weekly income of approx 200. my shopping bill alone is 120 even when im being careful. my gas and electric cost around 35 a week. i just dont know what to do.

ive been so excited that we are moving forward inour relationship only for me to feel like we would be better off living apart.
anyway and help or advise would be great.

McKneff

If you partner is moving in with you then he is also taking on the responsibility of your children.

What you really need to do is pool all of your money and pay the bills out of that.

If he can't or wont do that, tell him to take a hike, obviously he doesnt care enough.

That's what couples who love each other enough to commit do in these circumstances.

epsilondraconis

This thread may help you.

https://forums.moneysavingexpert.com/discussion/3872503

tinkerbell28

Am I missing something obvious here? You lose 1.4k gain 27k? Ofc your benefit income will go down, why wouldn't it? You aren't independent in the true sense if you are counting govt benefits. You are at the whim of their policies and rules as you are finding.

If he is moving in with you and the kids, then you need to pool your finances as a partnership. If he won't do this then not a great catch is he?

Voyager2002

The law assumes that each member of a partnership will support the other.

As you say, your combined family income will be adequate. Your partner (in full-time employment and earning a reasonable wage) will contribute most of the money, while your contribution will be in terms of labour in the house, since you obviously have more time available than him. You do need to discuss this and ensure that all involved are comfortable with this arrangement, otherwise things will not work.

pmlindyloo

It must be difficult when you have been financially independent to know that you will have to rely on someone else especially when the children are not his.

However, as others have, said this is what a committment to a partner involves. In the future, when the children are older, it may be that you have to support your partner.

I would urge you to work out your finances before you move in together. Your partner may have little idea of how becoming a family will impact on his finances too.

Unless you completly agree on how you will arrange your finances then, to be honest, it could be a recipe for disaster.

It is up to you how you do it, pool your finances, you pay for some. he pays for some etc etc.

You just need to sort something out that you both agree to.

shedboy94

apoorlykitten wrote: »

hi
im currently living alone with my 3 children. i work part time and am in reciept of ctc wtc housing and council tax benefit. i also recieve cb.
ive been with my partner for 4 years and he is going to move in with me on the 1st june.
we sat down and did the tax credit online calculator and to my horror i will lose a significant amount of my income. i earn 5200 a year and my partner 27000. dont get me wrong i know combined that is a good amount of money.
my concern is that i will struggle to contribute, i have been independent soley for 7 years and have worked hard bringing up my boys.
my partner isnt their father ( the father doesnt pay towards the children, never has and is unlikely to ever )

basically im worried as to what will happen ? i know i will loose my wtc hb and ctb, my child beneit is unaffected and the ctc goes down by 100 a week. my partner says he will pay the rent and council tax and we will work out the rest as and when. i will have a weekly income of approx 200. my shopping bill alone is 120 even when im being careful. my gas and electric cost around 35 a week. i just dont know what to do.

ive been so excited that we are moving forward inour relationship only for me to feel like we would be better off living apart.
anyway and help or advise would be great.

What on earth are are you buying?? when I go shopping for a family of 4 I don'y spend anywhere near that and I'm still buying nappies!!

Dontknowanymore

After reading the OP again, I'm guessing it's actually 14k she is losing, but still with gaining the 27k wage you will still be 13k up. still a no brainer.

Idiophreak

Dontknowanymore wrote: »

After reading the OP again, I'm guessing it's actually 14k she is losing, but still with gaining the 27k wage you will still be 13k up. still a no brainer.

...depends if the 14k was after tax...

Dontknowanymore

Idiophreak wrote: »

...depends if the 14k was after tax...

I would of thought it would be 14k in tax credits and housing council tax benefits,

apoorlykitten

i lose 1400 a month not 14k ! anyway i came here for advise not to be slammed or made to look bad. i thought this would be place i was offered support and or help. not to be spoken to like i have been.

i have 3 teeneage children plus 2 cats. they all need lunches everyday. my eldest needs money to go to college on the bus, i do not get help for that. i also have to clothe and give them pocket money. it all adds up believe me. i do not live beyond my means and i save every penny when i can.

im simply stating that the benfit system is severly flawed. its sad to think i will be better off not living with my partner. we both work for family run businesses and we both work bloody hard!
also i won tbe gainin g27k, my partner earns that money he won tbe giving it straight to me will he.

oh well i hoped for help and all i got was .........well.........