£2k difference between 2 online calculator results?

LadyHarrop

Hi All
As a first time Mum of one, I'm trying to get my head around tax credit rules and regs. Wow! Isn't it complicated?


To add to my confusion, I've taken redundancy, and will soon be starting a new part time job, so all calculations based on last tax year are incorrect.


However, I've used both MSE and gov online calculators based on estimated household income of £20k, and the difference between the two is significant? (MSE = total entitlements £5,118; Govt = £1914.72).


The govt page seems to imply I cant get working tax credits when paid at that level. I think that's where discrepancy lies


So a very long winded way of saying - which site should I base my calculations with?


Thanks for any advice
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LadyHarrop

Hi BB
Thanks for this - my head is spinning!
My current circumstances i.e. in my new job household income will be £10k x 2 i.e. my partner and I are both on £10k each.
One child.
He works 40hrs, I will work 20hrs.
Income has gone down more than threshold for review


What else might you need to work this out?


Thanks

Morglin

I would go with the Turn2us calculator as I have always found it spot on.

http://www.turn2us.org.uk/benefits_search.aspx

Lin

LadyHarrop

Hi Again
I've not yet got p45 or end of year advice for 13/14 - but might be something like £20k for me, and £8,500 for partner
Partner owner/director of his own business (hence long hours), but not self-employed
No child care costs (thanks to grandparents)
No disabilities
No additional incomes


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