Working Tax Credit

eskimosound

Do you get more working tax credit the less hours you work? i.e. is the government trying to get everyone up to a weekly wage level and if so what is it?

Icequeen99

No, you get more if you work 30 hours because there is an extra element.

Of course, tax credits are based on income, so if you earn less (because you are working less hours) you will get more tax credits. But the person working more hours will have more wages, they should be better off.

IQ

Icequeen99

Also to add, that is just tax credits. When lots of benefits interact, you can be worse off working more hours, but it really depends on your circumstances.

IQ

BigAunty

eskimosound wrote: »

Do you get more working tax credit the less hours you work? i.e. is the government trying to get everyone up to a weekly wage level and if so what is it?

Depending on whether the claimant is single or disabled, there are certain hours they have to work to get WTC.

You can't work a few hours and then expect the public purse to pay the other 90%!:rotfl::rotfl::rotfl:

wonder7819

Please could i get your advice/ opinions.
I have just completed my tax credit renewal ans recived the letter back that I am no longer entitled to child or working tax due to the new income rules introduced in April.
I earn around £27000 and work 30 hours a week. I have childcare cost of £1177 per month in nursery fees.
The tax credits i used to get was used to pay towards this fee and then I would use my income to cover the rest. Now due to the cut in tax credit I am now only entiltled £300.00 in tax credit for childcare and I will need to cover the rest out of my monthly salary which is around £855.00 of a £1500.00 monthly income.
Does anyone have any advice on where I go from here or any additional benefits I might be able to get.
Sorry in advance if I have not posted this in the right place

Thanks

Cornish_piskie

wonder7819 wrote: »

Please could i get your advice/ opinions.
I have just completed my tax credit renewal ans recived the letter back that I am no longer entitled to child or working tax due to the new income rules introduced in April.
I earn around £27000 and work 30 hours a week. I have childcare cost of £1177 per month in nursery fees.
The tax credits i used to get was used to pay towards this fee and then I would use my income to cover the rest. Now due to the cut in tax credit I am now only entiltled £300.00 in tax credit for childcare and I will need to cover the rest out of my monthly salary which is around £855.00 of a £1500.00 monthly income.
Does anyone have any advice on where I go from here or any additional benefits I might be able to get.
Sorry in advance if I have not posted this in the right place

Thanks

Your childcare is incredibly high! (sorry, you don't need me to tell you that ) How many children is this for? Are you single or part of a couple? How old is/are the child/children ie; is/are they coming up to the age where you'll get 15 hours per week of funded childcare?

If you no longer qualify for the childcare element then the most cost effective thing would be to use childcare vouchers through your work if they provide this scheme - this will lower your taxable earnings. There's a calculator on how much they could save you I think on the top of the home page of this site.

If you could answer the questions above, that will help us better to help you

Caz3121

do you have any benefits in kind through work? on an income of £27k you should be taking home around £1740. Apart from child benefit and the tax credits there would only be help from the childs father. How old is your child? the expense will reduce as free childcare sessions kick in

Icequeen99

wonder7819 wrote: »

Please could i get your advice/ opinions.
I have just completed my tax credit renewal ans recived the letter back that I am no longer entitled to child or working tax due to the new income rules introduced in April.
I earn around £27000 and work 30 hours a week. I have childcare cost of £1177 per month in nursery fees.
The tax credits i used to get was used to pay towards this fee and then I would use my income to cover the rest. Now due to the cut in tax credit I am now only entiltled £300.00 in tax credit for childcare and I will need to cover the rest out of my monthly salary which is around £855.00 of a £1500.00 monthly income.
Does anyone have any advice on where I go from here or any additional benefits I might be able to get.
Sorry in advance if I have not posted this in the right place

Thanks

The new cut off for 1 child is 26,000 but not if you have childcare costs that high. Doesn't sound right.

You say at the start you are not entitled to child or working tax credit, then say you get £300?

If you post the details of your award and your income for 10/11, 11/12 and 12/13 we might be able to check it for you.

IQ

wonder7819

Cornish_piskie wrote: »

Your childcare is incredibly high! (sorry, you don't need me to tell you that ) How many children is this for? Are you single or part of a couple? How old is/are the child/children ie; is/are they coming up to the age where you'll get 15 hours per week of funded childcare?

If you no longer qualify for the childcare element then the most cost effective thing would be to use childcare vouchers through your work if they provide this scheme - this will lower your taxable earnings. There's a calculator on how much they could save you I think on the top of the home page of this site.

If you could answer the questions above, that will help us better to help you


HI
I have one child who will be 3 in October and I am single.

wonder7819

Hi
I have one child and she will be 3 in October, sorry I forgot to say that the letter I recived from tax credit states that I have been overpaid £1381.70 up to the 5th April and £609.14 from this award period. I am not sure why I have been overpaid they say it's due to my income.
I would really apreciaate it if someone could explain childcare vouchers to me and if I would be better off with this. I have done a calculator but i am really confused.