tax credits question.

emmaroids

ok i just had a renewed award and we are gonna more now that my parter is doing over 16 hours a week, i do 14 hours a week and she does 20.
would it go up again if one of us did over 30 hours a week?
cos im looking for full time work atm.

hope this question makes sense lol.

kelloggs36

There is a premium if one of you works over 30 hours per week, but with the extra income you earn it may not work out any more!

emmaroids

ok thanks,
what if we both did over 16 hours?

i been claiming tax credits for 6 years now and i still havent a clue how it works lol.

petercarots

It wouldnt make any difference to the WTC, as they look at you as a HH, so you get one 16-30 hours element, and one 30+ hours element, so you are already getting both. If you have children and need to use childcare though, then you would both need to be working 30+ hours.

Its important though, to realise that (from a purely financial point of view) you'll always be better off working more hours, as the income gained through working extra hours will always be more the the tax credits lost through earning more. Obviously, its important to get the work/life balance right as well though!

CIS

It wouldnt make any difference to the WTC, as they look at you as a HH, so you get one 16-30 hours element, and one 30+ hours element, so you are already getting both. If you have children and need to use childcare though, then you would both need to be working 30+ hours

You don't need to both work 30+ hrs to get the childcare element

The Working tax Credit (Entitlement and Maximum Rate) Regulations 2002, Reg. 13 (1)

To qualify for a child care element the claimant:

• must be 16 or over, and
• lone parents must be in qualifying remunerative work for 16 hours or more a week, or
• both members of a couple must be in qualifying remunerative work for 16 hours or more a week, or
• one member of the couple must be in qualifying remunerative work for 16 hours or more a week and the other

• is incapacitated
• is an inpatient in hospital, or
• is in prison (whether serving a custodial sentence or remanded in custody awaiting trial or sentence)

petercarots

CIS wrote: »

You don't need to both work 30+ hrs to get the childcare element

The Working tax Credit (Entitlement and Maximum Rate) Regulations 2002, Reg. 13 (1)

To qualify for a child care element the claimant:

• must be 16 or over, and
• lone parents must be in qualifying remunerative work for 16 hours or more a week, or
• both members of a couple must be in qualifying remunerative work for 16 hours or more a week, or
• one member of the couple must be in qualifying remunerative work for 16 hours or more a week and the other

• is incapacitated
• is an inpatient in hospital, or
• is in prison (whether serving a custodial sentence or remanded in custody awaiting trial or sentence)

Oh christ, typo, sorry! You're quite right CIS, thanks for that!