Tax credits help

Kiwi10

At the moment I have work 33 hpw in a job I'm not really enjoying

My partner is self employed and workd around 40 hours a week

I've been offered my dream job but it's only 16 hours a week for the time being

At the moment we get tax credits - if I accept this job will they increase

Just trying to weigh up my option did love to take this job but not sure if we would be able to pay all the bills

Any advice would be appreciated

Kiwi10

We don't have any. Children so no costs there

Last year our joint income would be around 15000

If I take this job next year would be 10000

Kiwi10

blondebubbles wrote: »

And what about this year?

This year would be 15000
Next year 10000

tanya2014

I thought you only got working tax credits if you worked 30 hours a week or more?
Other than that there is Child tax credit, but original poster said they do not have children?

Suarez

So combined hours per year 3796 divided by £15,000 = £3.95 per hour? :eek:

Suarez

blondebubbles wrote: »

NMW doesn't apply to the self employed.

Okay but my point was more of..

33 x £6.50 x 52 = £11,154 (If the 33 hr job is MW)

£15,000 - £11,154 = £3,846 /52/40 = £1.85 p/h for self employed work.

Is it really worth doing the self employed work?

A 12 hour a week job would pay more...