Working Tax Credits- Childcare Element Help!

Manchester_Mum

Hi everyone,

I'm currently a stay at home mum but after months of looking have just got a full time job so my 2 year old daughter will have to go into nursery full time. I'm trying to work out what help will be available to us with childcare. We currently get CTC at about £50 a week and I have used the calculator and it looks like we we might still be entitled to about £30 for childcare after I start work. But as our income is going up by so much (about £15,000), will this mean we will have been overpayed tax credits for the first half of the year, meaning the overpayment will come out of our entitlement for childcare costs? Obviously I didn't know or not if I'd be working when Idid my renewal so it seems a bit mean that it would come out of the childcare money, but having had two overpayments already for the past two years I know it is entirely possible!

Thanks in advance x

zagfles

If your mean your annual income has gone up £15000, then presumably your income this tax year will only be £7500 more since we're half way through the tax year. If so there won't be any overpayment because there's a £10k disregard for income increases betwene last year and this.

Tell them your new income now though, so they get payments right from April.