More money working part time than full time? Am I going mad?

busy_mom_2

Are you not getting WTC now based on his income? Also remember its based on yearly income not weeekly and we are coming to the end of the year so the household income is higher then what you have accounted for on you working.

vinster549

MrsE this would be a temporary part time solution as I build up my beauty business and at, I do not work at all.

We get £115 child tax credit and about £13 working tax credit.
£51.57 housing benefit. No council tax benefit. And child benefit for 2. All per week.
My partner has been paid today, £354
So add all that together then minus the rent we have to pay and the full council tax and we are left with £416.

On entitled to, working it out on £20k earning for the tax year 2012/13 and £9k for 2013/14 I get this:

£149.69 child and working tax credits, £16.58 council tax support, £99.05 housing benefit. All comes to £299
Add that to the wages of £173 then minus the little rent and council tax we would be left with £443.

This was worked out on me being part time self employed as a courier asi know I can get this work.

fabforty

You need to check if your parter will be sanctioned for giving up his job. Otherwise, you have done the calculations and know how much money is involved, so the decision is ultimately up to you. I'm not sure what else you want people to say.

vinster549

Will probably just say we are swapping I'll tell them the job is full time but then my hours were cut.


I think I just want confirmation that my figures are correct and also wondered if any body else had done this.

Thank you to everyone who has commented here.

debtdawg

kez1234 wrote: »

how are you better off when he earns 23k? your figures do not add up at all

When I looked at it, we'd be almost financially better off (with benefits such as tax credits, housing benefit, council tax benefit etc) and one of us working and earning £18k, than both people working and earning £20k each, and that was before the cost of childcare was taken out! Benefit levels are so high when you are on a low income, that you have to earn a massive amount to be able to replace the benefits you are receiving and actually end up earning more money.

vinster549

Thank you debtdawg, it's really silly isn't it. So why should my fianc! go out in all weathers doing a job he hates for crap money and working for a company that doesn't give a toss about their employees when I could go out and work giving him the time he craves with his sons. ATM he gets to see them for 20 minutes or so every evening. And sometimes they make him work Saturdays as well, and also long hours, no half day Saturdays!
It's a no brainer really I think.

Thanks everyone

vinster549

And I am actually lucky that my sons father loves them so much and actually wants to be at home with them, unlike almost every body I know!

FBaby

Why should he work when he can get easy money being at home? Because that situation won't always seem so attractive. Because one day he will realise that he had a crap CV, little prospects to earn a good salary and winging on here that his benefits have been cut and what is he supposed to do. If his career is relying on getting into the trade isn't it an investment to build knowledge and experience earlier on? A job is not just about earning money but also building a career. It often means making sacrifices to harvest the benefits later.

tinkledom

debtdawg wrote: »

When I looked at it, we'd be almost financially better off (with benefits such as tax credits, housing benefit, council tax benefit etc) and one of us working and earning £18k, than both people working and earning £20k each, and that was before the cost of childcare was taken out! Benefit levels are so high when you are on a low income, that you have to earn a massive amount to be able to replace the benefits you are receiving and actually end up earning more money.

I gave up working on a good salary to utilise the means tested benefit system along with all of the added premiums you can claim due to disabilities.


We receive about £150 a week more this way than if I had carried on working.

busy_mom_2

I want to know what these figures will be under universal credit?

Sorry but why should benefits pay more than wages?

Cant you both work?