IA's 'Does my bum look big in this Debt?' Diary

immoral_angeluk

Just had a call from envirophone. I signed up through quidco and sent my old knackered phone to them the other day. They said that they'd recieved my phone and it looks like it's worth £8.93! Wooo bonus! Plus should get another £1.49 through quidco for the transaction....

OliveOyl_2

If the big man had signed a little card or a photo of himself for you, you could have sold it on e-bay.......or even photocopied it and sold it many times over. (I once bought a picture of a signed photograph of Audrey Hepburn, so there could be a market :rotfl: )

immoral_angeluk

Been chatting with ste about the possibilty of me returning to work. Just called tax credits and went through the scenario if both the girls went into childcare with my starting full time from next month working at Ste's place and we'd be looking at..

ste wages 940.41
my wages 940.41 (like I said rough est)
tax cred 1284 (based on 4 weds month) (£321 a week according to tc)
child ben 120.80
= 3285.62

- nursery 1249.50 (Called up a local nursery! :eek:)
- bills 850
- food 200
- petrol 50
= 936.12 left over.

obviously it'd go down a bit in april but I used the entitled to website which said it'd go down to approx £294 a week or £1176 a month....

:eek::eek: :eek: :eek: :eek: :eek:

That can't be right can it?????

immoral_angeluk

immoral_angeluk wrote: »

Been chatting with ste about the possibilty of me returning to work. Just called tax credits and went through the scenario if both the girls went into childcare with my starting full time from next month working at Ste's place and we'd be looking at..

ste wages 940.41
my wages 940.41 (like I said rough est)
tax cred 1284 (based on 4 weds month) (£321 a week according to tc)
child ben 120.80
= 3285.62

- nursery 1249.50 (Called up a local nursery! :eek:)
- bills 850
- food 200
- petrol 50
= 936.12 left over.

obviously it'd go down a bit in april but I used the entitled to website which said it'd go down to approx £294 a week or £1176 a month....

:eek::eek: :eek: :eek: :eek: :eek:

That can't be right can it?????

also forgot to mention that Ste's place does the childcare vouchers...

Spendless

IA- did the tax credit money include the childcare element (eg money towards nursery/childminder fees). You get slightly more tax credits (roughly an extra £10 a week) till babys 1st birthday.

After easter(ish) next year Ashli would be entitled to 12.5 hours free nursery per week, (x amount of weeks a year) which would reduce childcare costs.

Spendless

immoral_angeluk wrote: »

also forgot to mention that Ste's place does the childcare vouchers...

ahh childcare vouchers can be used to help pay for a childcare place whilst you study (that's what I used, combined with the funding for 3year olds). Unlike tax credits they do not require both of you (in a 2 parent household) to be working at least 16 hours a week to qualify for help. They can have an impact on tax credit entitlement and other stuff though, so look carefully into it first. There is a long thread about them on families board.

HTH

immoral_angeluk

Spendless wrote: »

IA- did the tax credit money include the childcare element (eg money towards nursery/childminder fees). You get slightly more tax credits (roughly an extra £10 a week) till babys 1st birthday.

After easter(ish) next year Ashli would be entitled to 12.5 hours free nursery per week, (x amount of weeks a year) which would reduce childcare costs.

yes it did... child tax credit and the childcare element of working tax credits....
just did another quote on the tc website for if we were earning 28k combined and it said up to april we'd get 7348 which equates to about £1048 a month when we were both working full time :eek:

JET34

I think you will enter your earning's from last year not what you will be earning
that's what I had to do when I returned from maternity leave. which may mean you get more!

immoral_angeluk

JET34 wrote: »

I think you will enter your earning's from last year not what you will be earning
that's what I had to do when I returned from maternity leave. which may mean you get more!

I know.. reason I did that is I didn't want to get a nasty suprise come next year! lol!

tigtag02

IA

You would both be able to get childcare vouchers up to £240 per month which are deducted before tax and NI and as said will effect your tax credits.

However, I think that it works more in your favour the more childcare you pay ~ if that makes sense.

Look into it fully before you commit to anything (G*D~ thats like teaching my grandmother to suck eggs isnt it :rolleyes:)