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Tax Credits - Reduced based on previous years earnings?
scoey1001
Posts: 9 Forumite
Hello all looking for some advice re: child and working tax credits.
I was unemployed up to April 2014 when i started current job. My partner does not work and we receive roughly £120 a week in tax credits (i earn 21k).
Would next years tax credits (starting April 2015) be based on my income from April 2014 to present? If so i have calculated that this income would drop from £120 a week to about £10 per week. Which to be honest is leaving us not very much better off than being on the dole. This is something i really don't want to do but it would be demoralising to work 40 hours per week for to be around £30 a week better off after expenses.
We also have 2 children both in full time education.
Any help is much appreciated. Thanks
I was unemployed up to April 2014 when i started current job. My partner does not work and we receive roughly £120 a week in tax credits (i earn 21k).
Would next years tax credits (starting April 2015) be based on my income from April 2014 to present? If so i have calculated that this income would drop from £120 a week to about £10 per week. Which to be honest is leaving us not very much better off than being on the dole. This is something i really don't want to do but it would be demoralising to work 40 hours per week for to be around £30 a week better off after expenses.
We also have 2 children both in full time education.
Any help is much appreciated. Thanks
0
Comments
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Is your partner unable to work? That would seem the obvious answer.
Is a life on benefits what you want your children to see as a good example?0 -
Definitely not. It's not something i'm considering at all. I have worked full time since 16 and 2013 was the only time i have been unemployed in 13 years (relocated to be with current partner and town has not many job prospects)
Problem i have is my current partner only wants to work part time and then can't work in school holidays etc. as she doesn't have anyone else to look after kids. And these jobs are very hard to come by here.0 -
Hi Bubbles, yes they are aware that is what i am currently earning. Thanks for the reply.0
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Problem i have is my current partner only wants to work part time and then can't work in school holidays etc. as she doesn't have anyone else to look after kids. And these jobs are very hard to come by here.
Was this not discussed before your move???
The choices are
1) she does not work
2) she finds work that fits around you. Such as evenings and weekends. Which many couples do
3) she works full time and if the children need to go in to child care or schemes in the holiday time then you put them in
Yours
CalleyHope for everything and expect nothing!!!
Good enough is almost always good enough -Prof Barry Schwartz
If it scares you, it might be a good thing to try -Seth Godin0
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