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Tax Credits Help Please

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Comments

  • tashjam
    tashjam Posts: 18 Forumite
    MHartley wrote: »
    It's not a savings account you've been paying into.

    No but after 36 yrs between us paying into it it would of been a nice sum at the end.
  • tashjam
    tashjam Posts: 18 Forumite
    princessdon wrote: »
    Under UC you both need to work full time for tax credits

    Im not sure what uc means but I think that you have to work 24hrs between the couple one of which has to work 16 of them not both full time for tax credits, people also get child tax credits when not working at all.
  • zagfles
    zagfles Posts: 21,548 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    tashjam wrote: »
    Im not sure what uc means but I think that you have to work 24hrs between the couple one of which has to work 16 of them not both full time for tax credits, people also get child tax credits when not working at all.
    UC is universal credit which is replacing tax credits and some benefits such as JSA(IB), IS, HB. They will work differently, there's no requirement to actually work, as there is with WTC, but in some cases there will be a requirement to seek work or get a reduced amount. It's quite complicated, been discussed here loads have a search.
  • fluffy70
    fluffy70 Posts: 226 Forumite
    princessdon wrote: »
    Under UC you both need to work full time for tax credits


    I'm not sure that's entirely correct.....
    All of my views are my own :o
  • SkyeKnight
    SkyeKnight Posts: 513 Forumite
    tashjam wrote: »
    No but after 36 yrs between us paying into it it would of been a nice sum at the end.

    If you only earn £18k between you it would be a nice sum that you owe the state by the end of 36 years!! You need to earn somewhere in the region of £35k per year per person to pay in more than you get out.
  • Gentile
    Gentile Posts: 246 Forumite
    tashjam wrote: »
    No but after 36 yrs between us paying into it it would of been a nice sum at the end.

    Delusions of grandeur comes to mind.
  • kevelesopnic
    kevelesopnic Posts: 42 Forumite
    tashjam wrote: »
    No but after 36 yrs between us paying into it it would of been a nice sum at the end.

    You will need to deduct from this 'nice sum' the cost of health, police, fire, schools, roads, transport etc etc etc.....
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    edited 6 February 2013 at 8:37PM
    tashjam wrote: »
    people also get child tax credits when not working at all.

    That's because Tax Credits are a welfare payment; an income based welfare payment; for those claimants that can't keep themselves or their children. The less money the claimant earns, the more money the welfare state gives them.

    Tax Credits are going soon and will then become part of the new income based welfare payment Universal Credit: along with the other income based welfare payments for those claimants of working age.

    Universal Credit will replace the benefits presently known as: income based JSA; Working Tax Credits; Child Tax Credits; income based ESA; Income Support and Housing.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    edited 6 February 2013 at 8:38PM
    zagfles wrote: »
    Tax credits act like benefits in many ways, but aren't benefits.

    Wow. Denial is not just a river in Egypt. ;)

    What excuse are you going to give yourself when your Tax Credits go and you want to claim the new income based welfare payment Universal Credit?
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • zagfles
    zagfles Posts: 21,548 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    MissMoneypenny wrote: »
    Wow. Denial is not just a river in Egypt. ;)

    What excuse are you going to give yourself when your Tax Credits go and you want to claim the new income based welfare payment Universal Credit?
    :rotfl:You really do seem to have a unique ability to turn a simple statement of fact into something you can get all judgemental about.

    Actually come to think of it it's not unique at all, it's quite common on this board.

    Here's an opinion you can sit in moral judgement on. Nobody needs an "excuse" to claim benefits, tax credits, tax allowances, tax reliefs etc that they are legally entitled to. Or even to arrange their affairs so as to maximise them. And even if you tut while shaking your head slowly I won't change my mind ;)
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