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MSE News: Are you a child benefit loser? Full Q&A

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Comments

  • I wish I was a child benefit loser. That would mean I was on a salary of 50,000 or more instead of 5,050 like I am.
  • princessdon
    princessdon Posts: 6,902 Forumite
    I wish I was a child benefit loser. That would mean I was on a salary of 50,000 or more instead of 5,050 like I am.

    No benefits?
  • No benefits?

    Yes child tax credit the same as people earning £50,000 are entitled to.
  • princessdon
    princessdon Posts: 6,902 Forumite
    Yes child tax credit the same as people earning £50,000 are entitled to.

    Tax credits are not the same for someone earning £5k and £50k
  • Tax credits are not the same for someone earning £5k and £50k

    Child tax credits are. My annual income is £11024 with benefits. I would love to have the "problem" of earning £50,000.
  • Child tax credits are. My annual income is £11024 with benefits. I would love to have the "problem" of earning £50,000.

    A person on £50k wouldn't get any tax credits at all, even with 4 or 5 children - you get more than that for your (presumably) 1 child? How is that the same?
  • princessdon
    princessdon Posts: 6,902 Forumite
    Child tax credits are. My annual income is £11024 with benefits. I would love to have the "problem" of earning £50,000.

    It depends on many things - I too wouldn't have an issue, 6 kids in London and I may :). I know someone who is widowed and when this was announced had £159 pm to feed clothe and transport to work etc. his rent and childcare bill was £3260 pm. His take home was £3460.

    How can you pay bills and feed a family's on that? Cb feed his children. Now the childcare is lower so he can survive, but when announced he couldn't.

    The point is saying you survive on 5k isn't true and whilst it doesn't apply to you there are families whose benefit total is higher than the take home of a 50k earner who the govt won't now support.

    Surely take home and childcare need considered?

    At the moment 2 parent families should certainly be able to cope. A single parent with childcare costs is stuffed as tax credits and now hb are gone. That can't be right in my opinion.
  • FBaby
    FBaby Posts: 18,374 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Do you work full-time in a stressful job and have done so for many years previously? No? Well maybe if you did, you would earn £50K.
  • FBaby wrote: »
    Do you work full-time in a stressful job and have done so for many years previously? No? Well maybe if you did, you would earn £50K.

    Yes I do actually. I'm the manager of a community centre for people with learning difficulties, drop outs, people on low incomes and I have been doing this for 4 years now. I'm also a hate crime reporting officer so am dealing with rapes, bullying and people who have been attacked on a day to day basis. Thank you.
  • Yes I do actually. I'm the manager of a community centre for people with learning difficulties, drop outs, people on low incomes and I have been doing this for 4 years now. I'm also a hate crime reporting officer so am dealing with rapes, bullying and people who have been attacked on a day to day basis. Thank you.

    A lot of people do stressful jobs for crap wages,just like some people do easy jobs and get an absolute fortune...And yes if you are on low wages you wouldn't mind losing child benefit if you were on £50,000.I certainly wouldn't mind losing it..That said they reckon it will cost more to administrate the CB cut than to leave it as it is.
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