Working Tax Credits - employed and self employed

Pianoman1

Hello,

I've been searching around and haven't managed to find an answer.

I'm looking into working tax credits. I am currently not receiving any. My question is that both my wife and I are both self employed and also employed with part time jobs.

I work a 22.5 hour per week part time employed job, and my wife has the same but for 24 hours per week.

I had a go with the tax credits calculator, and I could not choose both options, I could only opt for either employed or self employed. Any advice as to what we can do or receive?

As far as our self employment goes, we have both earned in previous tax years, but because we have relocated, we are building up clients again and earning minimal amounts. However, we still put in a number of hours doing advertising, driving and general admin.

Are we going to be eligible for working tax credits? If so, how will they consider the combination of being part time employed and self employed? And will they consider past tax returns or can we declare a fresh income figure from self employed work?

I also have one question which is separate from benefits. I thought I might ask here to avoid creating a separate topic. Due to being self employed and part time employed, I am paying class 1 NI through my employer and also paying class 2 through being self employed. Is there anyway I can avoid paying both? I would consider low earnings exception, but I earned well between April and July (self employed income) and plan to earn well (self employed income) by next April and don't feel I will end up qualifying for less than the roughly £5500 figure that they consider low earnings.


I hope this makes sense, and appreciate any input. Thanks for your time.

Pianoman

Caz3121

you don't mention if you have children but, assuming not

What was your total combined income in the 13/14 tax year (employed + self employed)
What would you estimate your total combined income be for 14/15

Pianoman1

0 children. Net profit was 14030 combined with my wife together and we had no part time jobs back then, so that was all self employed income.

Estimate for 14/15 is hard to say, as we don't know how quickly we can pick up business again between now and April. Due to relocating, we have started our private teaching from scratch.