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Working tax credit estimate - surely not right?!
bigmomma051204
Posts: 1,776 Forumite
I went to job centre as i have been on income support for last couple of years since having my child as a single parent. The woman there did an estimate tax credit award and has come up with a staggering amount!!! I will be earning approx £218.01 per week after tax from my new job, and apparently Tax credits are going to be £45.78 (child tax element) per week AND £132.77 (working tax element) per week... now surely this cant be correct... i am only going to be paying out about £70 per week for part time childcare (day nursery) - why are they going to give me that much?!! Just wondered if anyone else is in the same-ish situation as me work/childcare/money -wise...long shot i know but i am all excited (whilst being VERY VERY sceptical!!) "Apparently" i get more cos i am going to be working over the "30hrs pr week" threshold and am a single parent......So - what does everyone think?
I know u cant say "yay" or "nay" really as everyone is different, but is this a ridiculous amount or sound about right??
Baldrick, does it have to be this way? Our valued friendship ending with me cutting you up into strips and telling the prince that you walked over a very sharp cattle grid in an extremely heavy hat?
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That is probably correct - I know my cousin got loads as a single working parent of 2 compared to the amount she got on income support
check out https://www.entitledto.co.uk if you are not sureOlympic Countdown Challenge #145 ~ DFW Nerd #389 ~ Debt Free Date: [STRIKE]December 2015[/STRIKE] September 2015
:j BabySpendalot arrived 26/6/11 :j0 -
i just popped in £260 as your Gross and came up with £121 plus Child benefit assumming £70 chid care. That is over £50 less, so i would check with Tax Credits yourself."On behalf of teachers, I'd like to dedicate this award to Michael Gove and I mean dedicate in the Anglo Saxon sense which means insert roughly into the anus of." My hero, Mr Steer.0
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But you will lose your free rent won't you? And have to contribute towards your Council Tax?0
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im off to the job centre on thursday to see how much ill get if i go back 2 work. so ill tell u no is said.savings for 2012.. New year new me.. Going to save save save... and not spend spend spend. :rotfl:
WANT £7000 BY JAN 2012.
Jan -£80
Feb -
March-0 -
Waltons - i dont get any free rent etc lol.... am not in receipt of housing benefit or council tax reduction. I am not bothered if the amount i get is lower than quoted lol - but very excited to think that it may cover the WHOLE of the childcare - i was under the impression that they only pay UP TO 80% of childcare costs....?? But anything is a bonus really, isnt it!!! :beer: Thanks for help so far, and for any more!!!!
:j :j :jBaldrick, does it have to be this way? Our valued friendship ending with me cutting you up into strips and telling the prince that you walked over a very sharp cattle grid in an extremely heavy hat?0
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