Working tax credit and child tax credit? Really confused

fawnsinthegarden

Trying to do the sums and figure out what is the minimum I need to earn to keep the household afloat in our situation,

Now I put in to the calculator and it seems to think that we could be entitled to £10789.40. This is broken down as £6051.70 child tax credit and £4737.70 working tax credit. This figure does not include childcare costs as this would not be needed due to a family member being able to look after the youngest.

That must be wrong surely no one gets that much, it doesn't ask about salary but I was looking at £16,000 being a starting point. Is there anywhere I can get a more accurate figure so I can work out how much I need to earn so I am applying for jobs in the correct wage bracket?

Indie_Kid

Is anyone in the household disabled?

Caz3121

I assume you have 3 or more children

tables are here for no childcare
http://www.hmrc.gov.uk/taxcredits/people-advise-others/entitlement-tables/work-and-child/work-no-childcosts.htm

They will initially base it on your previous years income and ask what this years income will be (and if >£5k higher than previous year will base it on an this years income less £5k)

fawnsinthegarden

Yes, my partner is on esa and dla, unable to work indefinitely although I expect that will be subject to reviews. I have one school aged child and one baby.

fawnsinthegarden

Thank you. I used the HMRC calculator here:
http://taxcredits.hmrc.gov.uk/Qualify/DIQHousehold.aspx

He receives the mid rate I believe.

In an ideal world I would like to be working fulltime (35 hours p/w) and on much more than £16,000, I am looking at the work I have experience in and the wages go anywhere from £15k to £26k.

Own_My_Own

Try this site.

http://www.turn2us.org.uk

fawnsinthegarden

Yes, I currently claim child tax credit.

fawnsinthegarden

Own_My_Own wrote: »

Try this site.

http://www.turn2us.org.uk

Thank you so much, this is a fantastic tool. Looks like I would be fine to earn £16,000 or more which is perfect. I have been working on my CV all day ready to start applying tomorrow :j