Some advice on benefits entitlement needed, please.

FatVonD

More specifically working/child/universal tax credits, please.

I will be made redundant (again) at the beginning of December and am currently the major wage earner. I haven't been here long enough to get statutory redundancy pay but will get a goodwill £1,000 if I stay until my redundancy date. I have no savings.

DH works (self employed) but is currently only earning £7,000pa.

My 16-year-old son lives with us and is still in full-time education.

I've tried doing the online calculators but get stumped when it comes to tax credits and it asks for last years income (which was £30,000.) I can check the box to say I will be earning less this tax year but the biggest difference is -£8,000 but there isn't an option for going from £30,000 to zero!

Also, is the fact that I will have earned £20,000 in the 8 months worked this tax year going to make us ineligible for anything for the last 4 months of this tax year?

Thanks in advance if anyone can help.

Icequeen99

FatVonD wrote: »

More specifically working/child/universal tax credits, please.

I will be made redundant (again) at the beginning of December and am currently the major wage earner. I haven't been here long enough to get statutory redundancy pay but will get a goodwill £1,000 if I stay until my redundancy date. I have no savings.

DH works (self employed) but is currently only earning £7,000pa.

My 16-year-old son lives with us and is still in full-time education.

I've tried doing the online calculators but get stumped when it comes to tax credits and it asks for last years income (which was £30,000.) I can check the box to say I will be earning less this tax year but the biggest difference is -£8,000 but there isn't an option for going from £30,000 to zero!

Also, is the fact that I will have earned £20,000 in the 8 months worked this tax year going to make us ineligible for anything for the last 4 months of this tax year?

Thanks in advance if anyone can help.

If you have earned 20,000 and your partner's income is 7,000 and you only have 1 child then you probably won't qualify for any tax credits this year (unless there are any disabilities in the household?). HMRC would treat an income of 27,000 as 29,500 as there is a disregard of 2,500 for falls in income. Plus if you claim Contribution based JSA that will be taken into account as well.

IQ

FatVonD

Thanks, Ice Queen, I thought that would probably be the case.

Can anyone throw any light on what we will be entitled to come next April, please?

Caz3121

cutoff for one child is now about £26k annual income so, as above, it looks like you will be over that number

Icequeen99

FatVonD wrote: »

Thanks, Ice Queen, I thought that would probably be the case.

Can anyone throw any light on what we will be entitled to come next April, please?

It really depends on what you estimate your 14-15 income to be and whether you get a job or not.

How many hours does your OH work?

IQ

FatVonD

Icequeen99 wrote: »

It really depends on what you estimate your 14-15 income to be and whether you get a job or not.

How many hours does your OH work?

IQ

DH works about 30-40 hours per week.

Hopefully I will find a job (I am currently shortlisted for one) but I am just looking at worst case scenario if I don't manage to find anything at all and my income is zero.

The last time I was made redundant (3 years ago) I managed to find freelance work for roughly 3 out of every 4 weeks but things in my line of work have changed dramatically in the last 3 years (the largest employer in the field has just laid off 150 people.)