wtc im not thick just completly lost to it

nufclad147

Hi
Ive tried using the online WTC caculator but it dont even ask how much Id be earning when i take up a job so lost to how the hell it can come to a calculation all it asks is how much I earned between 2006 /7 which is 0 after been long term sick on benefits

My question is can anyone inform me how much i would expect to recive in WTC if I start work 40 hrs x £5 35 per hr min wage approx £214 i do some mathmatics an I really cant understand how anyone working is going to be better off then Iam been unemployed. see for yourself below

wage incooming £214
outgoings
tax nat insurence---£32.33----£181.67
rent

---

£60

---

£121.67
council tax

---

£12

---

£109.67
CSA child spport----£33

---

£76
travel to work

---

£25

---

£51
utillities bill

---

£16

---

£35
shopping cleaning---£25

---

£10
tv licence

---

£2

---

£8
great the job I just applyied for leaves me £8 liesure money or did i forget clothing of my list of outgoings
I used the intitled to caculator an accoring to that i would get £4 week WTC based on my min wage job of 40 hrs an circimstances surly thats worng ?
in short can anyone tell me what the wtc allowence to me would be considering im 38 single no children living with me working 40 hours £181 net or what threshold i expect to earn where it wont get any WTC as i also applied for work 37 hrs £202 net.

System

If you apply and give them your 06/07 income as £0 then as long as your income in 07/08 doesn't rise by more than £25,000 (annual disregard) the online calculator is correct.

Then at the end of the 2007/2008 tax year you would complete your annual renewal declaration and tell them your 07/08 income was £220 x 52 weeks = £11440. This is well within the £25,000 disregard and so 07/08 would be closed as balanced.

However the TCO would then use the £11440 as an estimate for the 2008/2009 year, your payments will reduce and providing the £25,000 disregard is still in place and the government haven't changed the rules again, then as long as your 08/09 income doesn't exceed £36440 (£11440 + £25,000) your claim will close as balanced.

In both these cases I'm assuming no other changes in circumstance occurs i.e becoming unemployed or moving in with a partner.

Gaz83

Tax Credits are based initially on previous year's income, then when you get an award notice through you are obliged to notify them if you think your income for the current year will go above the limits shown on your award notice.

bestpud

Hiya

No you won't get any wtc on that income according to https://www.entitledto.co.uk.

However, I've just quickly run your figures through it and you may want to just check yourself!

Hth

Bestpud

Ps if you go to the jobcentre, an advisor will run through different scenarios with you and tell you what you could expect to earn etc.

nufclad147

see here is where i get lost in the whole situation

WTC are for people who are on low income to help top up wages, to qualify i must be over 25 working 30 hrs per week or more and on low pay
You can not get any lower then min wage an Im been told i would not qualify

Im totally lost to it point even been in place now and been told conflicting information ,1 saying id get nothing 1 saying the WTC online caclulator is correct at £38 award per week

bestpud

Yep, the minimum wage is not enough to live on.

Personally I think the millions paid out in tax credits (and !!!! ups!!!) would be better spent on giving employers tax benefits and strict enforcement of a more reasonable minimum wage.

But then it suits the powers that be to have so many people claiming tax credits - easier to keep track of us.

'Big Brother' ain't just a TV show! :mad:

ibleedred

I can understand what the OP is saying, but, who is to say in 6 months time your wage doesn't rise to £6? In a year it's £7? in 5 years you have moved onto XYZ?

Short-term people are no better off, but long-term folk who decide to stay on benefits will never be any better off, workers on the other hand..............

punkgirlyuk

You mentioned that you had been off work due t oillness, were you on Incapacity Benefit? If so have you been on it for more than 6 months? Or do you get any other disability benefits? If you do than there is a disability element of WTC that gets added on which would give you a much higher weekly amount, I calculated £90 per week on entitled to. Ask someone at the Job Centre or if you have Shaw Trust

nufclad147

NO I was on income support for a while not incapacity untill 5 weeks ago
i decided to opt out the medical to go onto incapacity an started arranments to look for work. Had an interview with council yesterday £245 week so hope for good news there. Im keep well clear of min wage jos which are rife in my area