Benefits for new parents

Mumto3cheekymonkeys

Type tax credits calculator into google and do the calculator, play with the figures. In my case I am 24 with a partner we have 3 children my partner works full time i work 3 mornings a week adding to 21 hours per week. we have a combined income of 20,000 a year roughly after tax £1500 a month, we then get about £46 per week CB and then £150 per week CTC not including childcare. So we have about £2300 per month. Unfortunately this is where the system fails people on higher incomes. You could find yourself worse off then us even though your actual income is much higher not fair but how it works im afraid. Like I said play around with the figures, most of my friends have now given up work as they are better off but I would only advise it if it is really essential for example if you cant afford any treats. X

PoorCharleyBear

Russe11 wrote: »

http://www.hmrc.gov.uk/incometax/married-allow.htm

which says one of the partners has to be born before 1935 to qualify...not too many parents of young children will....

Mumto3cheekymonkeys

Russe11 wrote: »

With out not wanting to sound rude, but did you not think to work out if you could afford to create and bring up a new human into this world until its able to fend for its self?

Granted you never know what state support will be given out or withdrawn in the future, but aside the matter where you would not have employment you would be looked after by the state.

You can get family living allowance, higher tax threshold than none married couples, child tax credit.

Any more help in your current situation would need you to split up and live seperately, or you could produce more babies, its what some families do once they realise the mother is staying at home not working, the more babies the more income.

If people waited until they could support a child without state help only the people earning extravagant amounts would have children!

Russe11

Mumto3cheekymonkeys wrote: »

If people waited until they could support a child without state help only the people earning extravagant amounts would have children!

Or people could make lifestyle choices/prioritise.

midnight_express

zagfles wrote: »

Just doesn't seem fair that the child free will get their state pensions paid by other peoples' children.

To get a state pension you have to pay NI for 30 years.

midnight_express

Mumto3cheekymonkeys wrote: »

Type tax credits calculator into google and do the calculator, play with the figures. In my case I am 24 with a partner we have 3 children my partner works full time i work 3 mornings a week adding to 21 hours per week. we have a combined income of 20,000 a year roughly after tax £1500 a month, we then get about £46 per week CB and then £150 per week CTC not including childcare. So we have about £2300 per month. Unfortunately this is where the system fails people on higher incomes. You could find yourself worse off then us even though your actual income is much higher not fair but how it works im afraid. Like I said play around with the figures, most of my friends have now given up work as they are better off but I would only advise it if it is really essential for example if you cant afford any treats. X

Great example of why all breeder benefits should be abolished.

Mumto3cheekymonkeys

Russe11 wrote: »

Or people could make lifestyle choices/prioritise.

When we decided to have a child we had just inherited a house (no mortgage) and our bills due to being left a large amount of money were very minimal, however my partner and I had a talk and he preferred me to stay home which i agreed to so we got rid of 1 of our cars. When I gave up work we thought we would be a little bit worse however when I did my TC change of circumstances they increased my payments. I have now returned to work have a small mortgage (we remortgaged the inherited house for a large deposit and better rate) we rent one house out and live in the other. the other house pays for its self and we pay for the one we live in. Unfortunately in this day and age as I know the rental market is high and you could pay a very high rate also alot of ppl who buy are not as lucky as us and can only put down a small deposit leaving there mortgage payments very high. Children are a joy and we love every minute with ours but admittedly if we did not receive any help from CB or CTC (although the Cb gets split 3 ways and put into there savings accounts) we would find life very very hard.

Mumto3cheekymonkeys

midnight_express wrote: »

Great example of why all breeder benefits should be abolished.

I did not have more children so I could get more benefits! I find this comment rather offensive. Me and my partner work very hard and the choice to have another child had nothing to do with gain in the wallet department!

Ellejmorgan

Mumto3cheekymonkeys wrote: »

When we decided to have a child we had just inherited a house (no mortgage) and our bills due to being left a large amount of money were very minimal, however my partner and I had a talk and he preferred me to stay home which i agreed to so we got rid of 1 of our cars. When I gave up work we thought we would be a little bit worse however when I did my TC change of circumstances they increased my payments. I have now returned to work have a small mortgage (we remortgaged the inherited house for a large deposit and better rate) we rent one house out and live in the other. the other house pays for its self and we pay for the one we live in. Unfortunately in this day and age as I know the rental market is high and you could pay a very high rate also alot of ppl who buy are not as lucky as us and can only put down a small deposit leaving there mortgage payments very high. Children are a joy and we love every minute with ours but admittedly if we did not receive any help from CB or CTC (although the Cb gets split 3 ways and put into there savings accounts) we would find life very very hard.

You have property, earn a good wage, slate people who can't work then want benefits...have I got that right...??

Russe11

Ellejmorgan wrote: »

You have property, earn a good wage, slate people who can't work then want benefits...have I got that right...??

yep welcome to the UK