Child benefit and tax credit

moneysaver26

Hi I am an electrician and my wife is now a full time mum
Our daughter is 10months old and she has looked into credits etc and we have been told we are entitled to 81.20 per month
Do you think we should be entitled to anything else ?

themull1

Depends on how much you earn etc, have a look on 'entitledto' website.

moneysaver26

I earn 26000
I'll have a look

Caz3121

£26k is the cutoff for tax credits when no childcase costs or disability. £20.30 per week for child benefit

princessdon

Do you have a pension?

moneysaver26

My wife is wanting to return to work part time but a nursery is almost as much as her wages. Making it not worth while
It's a catch 22 situation

keigcf

What you have to consider however, is if she could move up the ladder at work over time? Or, that she will have a job when the little one starts school and you won't be paying as much childcare. You have to look further ahead.

SkyeKnight

moneysaver26 wrote: »

My wife is wanting to return to work part time but a nursery is almost as much as her wages. Making it not worth while
It's a catch 22 situation

There are tax credits which pay towards child care (up to 70% of the cost depending on your and your wife's salary), or some employers offer salary sacrifice vouchers which mean you save the tax/NI on the cost of childcare.