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Tax credits help
Cazzauk18
Posts: 4 Newbie
Hi I'm new to the forum and I need some help and advice.
I'm currently on maternity leave which is due to end in April. I only earn £650 a month. My partner earns £1100. I've been on the tax credits calculator and it says we're not entitled to WTC on his wage only.
I'm not wanting to go back to work and I'm hoping we will get nearly the same amount in tax credits. We get £72 a week in child tax credits already .
We have 2 children age 6 and 6 months.
Does anyone else earn £1100 and what tax credits do you get? Obviously they won't give me an estimate over the phone
Thank you to anyone in advance who can help
I'm currently on maternity leave which is due to end in April. I only earn £650 a month. My partner earns £1100. I've been on the tax credits calculator and it says we're not entitled to WTC on his wage only.
I'm not wanting to go back to work and I'm hoping we will get nearly the same amount in tax credits. We get £72 a week in child tax credits already .
We have 2 children age 6 and 6 months.
Does anyone else earn £1100 and what tax credits do you get? Obviously they won't give me an estimate over the phone
Thank you to anyone in advance who can help
0
Comments
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Hi I'm new to the forum and I need some help and advice.
I'm currently on maternity leave which is due to end in April. I only earn £650 a month. My partner earns £1100. I've been on the tax credits calculator and it says we're not entitled to WTC on his wage only.
I'm not wanting to go back to work and I'm hoping we will get nearly the same amount in tax credits. We get £72 a week in child tax credits already .
We have 2 children age 6 and 6 months.
Does anyone else earn £1100 and what tax credits do you get? Obviously they won't give me an estimate over the phone
Thank you to anyone in advance who can help
Tax credits are based on annual incomes so it won't help to compare to someone else earning £1100.
We will need more info to calculate it.
What will your estimated joint income for 14/15 be? (remember you can deduct £100 a week for each week you were on maternity leave).
What was your joint household income for 13/14?
Do you pay any childcare costs now?
How many hours does your husband work and is the £1100 his take home or gross pay?
IQ0 -
Our estimated income with be £1100 as I'm going to be out of work.
My husband works 40 hours. No childcare costs and our income for last year was £18k
Thanks0 -
Our estimated income with be £1100 as I'm going to be out of work.
My husband works 40 hours. No childcare costs and our income for last year was £18k
Thanks
That isn't enough information. As I said in my post above, we would need to know your estimated 14/15 income - you are still working this year so will it be 18k again less £100 for maternity?
Also is the £1100 monthly, gross or net?
IQ0 -
Our estimated 14/15 income would be £17k
I've been on maternity since July 2014 to April 2015
And my husbands monthly wage is £1110 after tax has been deducted
As I said im not going back to work in April do will be getting nothing from my employers
Is that enough information?0 -
Our estimated 14/15 income would be £17k
I've been on maternity since July 2014 to April 2015
And my husbands monthly wage is £1110 after tax has been deducted
As I said im not going back to work in April do will be getting nothing from my employers
Is that enough information?
Tax credits are based on income before tax and NI is deducted, so it is the gross annual figure you need.
So is the £17,000 based on your gross figures? What is your husbands annual gross salary?
IQ0 -
blondebubbles wrote: »The threshold for a couple on working tax credits is around £18,000 so it would be correct that you wouldn't be entitled at the moment.
What is your partners gross income?
The OP said they have a 6 year old and 6 month old.
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 -
blondebubbles wrote: »That is still the limit for working tax credits even with children.
The OP is already in receipt of child tax credits as they have stated.
I do apologise I was thinking of child tax credits
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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