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Tax credits - childcare
natjscofield
Posts: 38 Forumite
Hi everyone.
From April my childcare costs will decrease so need to inform tax credits. I was wondering if someone could give me a informed estimate as to how much I'll be likely to receive each week, please?
£490 per month to registered childminder from April (1 child).
Pay for 2014/15 tax year - c.14,000. 40 hours per week.
Husband's pay for 2014/15 - c.16,500. 45 hours per week.
Husband's salary to be £20,000 for 2015/16 tax year. Mine is to stay the same so will give them an estimated figure of £34,000.
We are both salaried so although the tax year hasn't ended yet they're reasonable guesses (including the occasional overtime and bonus).
Currently receive £58 per week but I imagine that will drop considerably. If anyone can calculate what it might drop too that would be great as I may need to start looking at picking up a few extra hours at work.
Many thanks for all your help.
From April my childcare costs will decrease so need to inform tax credits. I was wondering if someone could give me a informed estimate as to how much I'll be likely to receive each week, please?
£490 per month to registered childminder from April (1 child).
Pay for 2014/15 tax year - c.14,000. 40 hours per week.
Husband's pay for 2014/15 - c.16,500. 45 hours per week.
Husband's salary to be £20,000 for 2015/16 tax year. Mine is to stay the same so will give them an estimated figure of £34,000.
We are both salaried so although the tax year hasn't ended yet they're reasonable guesses (including the occasional overtime and bonus).
Currently receive £58 per week but I imagine that will drop considerably. If anyone can calculate what it might drop too that would be great as I may need to start looking at picking up a few extra hours at work.
Many thanks for all your help.
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