We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Help with tax credits

At the moment I do not work, I am a stay at home mum to my two and three year old daughters.

My partner works full time, he has started a new job today which will involve more money but his last years income was £15.5k, this could go up by 6kish this year.

If I were to go to work I'd be earning around £12k and our childcare costs I *think* would be £200 per weeks.

Having looked on the different calculators I am getting so many different amounts for how much help with childcare we would get, ranging from £170 per week to £275 per week.

Would everything still be based on last years income of £15.5k even though this year there will be a significant increase? I read somewhere it's based on this years minus £10k or something.

Any help would be hugely appreciated!!!

Just wondering if financially it would make me worse off to work.

Thanks

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.