Under 25 - no tax credits?

CoopCooper

I'm with others on not being able to understand the opening poster - under 25 or not, on an income of £21,000 with no kids you're getting nothing mate.

If your expenditures are too high, I'm sure there are many other top tips across this fine site to help bring them down.

DjSatansfury

They dont provide benefits, because it encouages the "youth" market of employees to be employed, same reason why you get less under the age of 21 for minimum wage.

Nothing to do with it benefits wise, there is no replacement, you just missout.

I'd agree it is unfair though.

Chrysalis

Housing benefit also is restricted to single rooms only for the under 25s. I was 24 When I wanted to claim tax credits and felt the anger and think its unfair because of inconsistencies.

A 24 year old pays the same income tax NI etc. as a 25 year old but is entitled to less benefits.
Other benefits such as child benefit dont pay less if under 25 I think but may be wrong someone please correct me if I am.
Not providing tax credits is a detterent for young people to work, but for people who go to further education I think having tax credits wouldnt make any difference but it may make a difference to youths who dont see the point of getting out of bed.

PasturesNew

I'm really really old ... way way over the 25... and I don't get anything. So quit whining. I probably could, but I don't even attempt to claim .... firstly because I don't want charity, secondly because I can't say what my earnings are as I am self-employed and haven't completed last year's tax return yet ... and thirdly because the paperwork's way too hard for me and my changeable situations. For the record, I expect this year's earnings to come in at £9k, last year's maybe £11k. I am self-employed, I also do a bit of employment through temp agencies; I was living alone, but am temporarily back with the folks, but I'll be moving out again at some point.

TaxCreditHelp

The eligibility criteria for someone with no children is to be over the age of 25, working at least 30 hours per week and must be earning less than £13350. Even an income of £13350 will give a yearly Tax Credit award of around £12. The minimum wage for working 30 hours per week is £9048. This will give a yearly Tax Credit award of roughly £1400.

snapping_crocodile

.....erm this thread was started 3 years ago

dmg24

snapping_crocodile wrote: »

.....erm this thread was started 3 years ago

A troll (not PasturesNew) reopened it!

kaylouise

TaxCreditHelp wrote: »

The eligibility criteria for someone with no children is to be over the age of 25, working at least 30 hours per week and must be earning less than £13350. Even an income of £13350 will give a yearly Tax Credit award of around £12. The minimum wage for working 30 hours per week is £9048. This will give a yearly Tax Credit award of roughly £1400.

I know this is a really old thread but... I'm just turning 25 in Sept and really looking forward to being able (at last!) to claim WTC as this will be a big help in making ends meet.
What is the min and max limit for claiming? I'm paranoid now that by the time I'm old enough to claim it won't be worthwhile becuase I'll get little or nothing anyway. I'm earning £17500 at the moment.
Thanks

dmg24

kaylouise wrote: »

I know this is a really old thread but... I'm just turning 25 in Sept and really looking forward to being able (at last!) to claim WTC as this will be a big help in making ends meet.
What is the min and max limit for claiming? I'm paranoid now that by the time I'm old enough to claim it won't be worthwhile becuase I'll get little or nothing anyway. I'm earning £17500 at the moment.
Thanks

If you are single and not disabled, you already earn far too much to claim WTC.

dmg24

It looks like you have a partner. If they do not have any income at all, you may get approx £5 per week WTC.