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Could someone please look over these calculations for me?
WantToBeSE
Posts: 7,729 Forumite
Hi.
I have been unemployed for 5 months and am just doing a calculation (via entitledto) to find out what my income will be once i get a job.
This is based on doing 16 hours a week, NMW, paying £35 a week childcare. I am a single parent with 2 children, but my oldest wont be in childcare, so the £35 a week is just for my youngest.
So, this is what 'entitledto' worked out- can anyone tell me if i looks right please?
My wages-£99.04
WTC+CTC-£212.45 ( i couldnt see this broken down into seperate WTC and CTC bits in the website, it just calculated them both together)
CTB-£15.94
HB-£79.15
Total= £406.48.
This seems like an awful lot of money, and i am wondering if the calculation is too high?
For my own calculations, i have elimminated the HB and CTB (to keep up with the changing law this year), it seems i am £250 a month better off.
I have been unemployed for 5 months and am just doing a calculation (via entitledto) to find out what my income will be once i get a job.
This is based on doing 16 hours a week, NMW, paying £35 a week childcare. I am a single parent with 2 children, but my oldest wont be in childcare, so the £35 a week is just for my youngest.
So, this is what 'entitledto' worked out- can anyone tell me if i looks right please?
My wages-£99.04
WTC+CTC-£212.45 ( i couldnt see this broken down into seperate WTC and CTC bits in the website, it just calculated them both together)
CTB-£15.94
HB-£79.15
Total= £406.48.
This seems like an awful lot of money, and i am wondering if the calculation is too high?
For my own calculations, i have elimminated the HB and CTB (to keep up with the changing law this year), it seems i am £250 a month better off.
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Comments
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No its all correct and "EntitledTo" has been set up just so that people are aware of how much free cash is available if people need it. I see that your HB is 79 quid, are you aware that you can claim more and so move into a bigger house and claim around 400 per week.
The tax payers will fund you and make sure you dont have work hard to earn a lot of cash. We will do the back breaking hard work on your behalf.
I didnt ask for criticism, i just asked for someone to let me know if the calculations are correct.0 -
WantToBeSE wrote: »I didnt ask for criticism, i just asked for someone to let me know if the calculations are correct.
Who has criticised YOU ? I have confirmed that the figures are correct which you wanted someone to do and on top of that I have explained why they are correct. Its not your fault you have been handed dosh. Nobody is angry at you for pocketing that cash, who wouldnt?0 -
This is the bit i'll take as a criticism-"The tax payers will fund YOU and make sure YOU dont have work hard to earn a lot of cash. We will do the back breaking hard work on YOUR behalf".
Well i havent actually pocketed 'that cash' yet, and i dont think i wll get any HB or CTB anyway.
Anyway-thanks for letting me know that the calculations are correct.0 -
That works out at over 25quid a hour 4 16 hours work so go 4 it,let othar dummies work you have got 2 kiddos to bring up as well as work so ignore them, without your kids their be no future that is why everi one contrabutes, so they can get stuffed, bringing up kids is a big job and workin as well and you deserve a decent livin.0
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WantToBeSE wrote: »This is the bit i'll take as a criticism-"The tax payers will fund YOU and make sure YOU dont have work hard to earn a lot of cash. We will do the back breaking hard work on YOUR behalf".
Well i havent actually pocketed 'that cash' yet, and i dont think i wll get any HB or CTB anyway.
Anyway-thanks for letting me know that the calculations are correct.
I posted similar the other day for a job I have gone for. Seems high but was correct.
Ignore the single parent benefit bashing parade. Damned if you don't work, damned if you do!0 -
shoe*diva79 wrote: »I posted similar the other day for a job I have gone for. Seems high but was correct.
Ignore the single parent benefit bashing parade. Damned if you don't work, damned if you do!
Thanks Shoe*Diva-good luck with your job
I dont think i will factor in the HB and CTB for my workings out as i am sure that the site isnt up to date wit the new laws.0
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