Starting Part Time Job will it affect my benefits?

Mummy_Sarah

cosmicseahorse wrote: »

This is really bad news in so many different ways. I don't think it's fair either.

It isnt fair, I want to give my children nice things and work hard for them.xx

Mummy_Sarah

We are renting at the moment and trying to save for a deposit, but it seems impossible,and just makes me angry at I could afford a deposit more quickly if I spread my legs (which I refuse to do) two children is enough for me.x

WantToBeSE

In your workings out, you have provided 3 different senarios, 1 with things as they are, 1 with an extra child and not working, another with 4 children and not working.
To get a fair idea,why not provide like for like- you now (with 2 kids)working, you (with 2 kids) not working, you working with 3 kids, you not working with 3 kids etc?
That would make a better point i think.

HappyMJ

Mummy_Sarah wrote: »

Following my discovery of me finding out I will be only keeping 59% of my wage because 41% of it will be taken off in child tax I decided to look at other scenarios.
If we decided for me not to go to work and instead have another child (we have two already), we would be having more than if we were both working.
Now with 2 children...
435.20 (me part time doing 16 hours)
237.20 (child tax)
1050 (my partners wage)
133 (child benefit)
=1855.40

with 3 children and not working my part time job
616 (child tax)
1050 (my partners wage)
185 (child benefit)
50 working tax
=1901

with 4 children and not working part time job
824 (child tax)
1050 (my partners wage)
238 (child benefit)
50 (working tax)
=2162

no wonder a lot of people out there are having loads of babies. Personally I don't think its at all fair I got too children and me and my partner work really hard. We have £125 after bills a week bring home and other people in the same circumstances but with another or more children and don't have a part time job are more well off than us. am I wrong in thinking like this. It just doesn't seem fair.

Do you really think people make babies to make a profit? The benefits are actually an extra £64.99 per week per child in combined child benefit (£13.40) and child tax credit (£51.59) after the first child which would get an extra £17.40 per week (£20.30 in child benefit and £62.09 in child tax credits). I think it costs more than that to raise a child. The withdrawal rate on child tax credits are 41% so you are always better off working unless you also claim housing and council tax benefit (which you did not mention) and have to pay for child care in which the marginal deduction rates can be more than 100%.

davenport151

Don't forget to let them know of any changes to working hours/estimated income though as this will affect this years amount and avoid overpayment as well.

System

This is why Cameron is an idiot, Britain is a complete joke financialy

Okydoky25

berbastrike wrote: »

This is why Cameron is an idiot, Britain is a complete joke financialy

Was it any different under Labour then?

geordie_joe

Mummy_Sarah wrote: »

We have £125 after bills a week bring home and other people in the same circumstances but with another or more children and don't have a part time job are more well off than us. am I wrong in thinking like this. It just doesn't seem fair.

If you have another baby you will have an extra £45.60, but you will have another baby to look after and pay for.

I don't know what it costs to bring up babies these days, but are you actually "more well off" with another baby and £45.60 per month to pay for it?

delain

berbastrike wrote: »

This is why Cameron is an idiot, Britain is a complete joke financialy

It was labour that bought tax credits in and that's what the op is moaning about.

cornishmum

Ignoring the 'have another baby, increase your benefits' part of this discussion. We are in a similar position to the OP, but I want to start working p/t on a freelance/self-employed basis. Might make some money, might not. As someone has pointed out, all this will do in reality is make a difference in NEXT year's tax credits right? Because that's when we would declare our actual earnings for 2012/13 (partners full-time wage plus anything I earn). This could potentially mean an overpayment on tax credits in this year. Ok. I think I understand this.

We receive a little bit of housing benefit too - this would be reduced £1 for £1 for what our income will be, yes? So say I bring in a few hundred a month between now and the end of the financial year, you're saying that this would bring our housing benefit down and therefore, we'd need to factor this into any calculations or 'what can we afford'. We currently get £67 a week - if I earned a few hundred a month, this would come down to nearly nothing I think. But then, I'd be bringing in a wage..... better for long-term benefits.

Oh it's all a bit chicken and egg complicated isn't it!