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MSE News: Summer Budget 2015: Millions to face benefit cuts

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  • Icequeen99
    Icequeen99 Posts: 3,775 Forumite
    stassy23 wrote: »
    im confused as to what we will lose as the calculators don't include carers allowance or if a child receives dla.


    I tried to pm you zagfles as you seem the person in the know but your inbox is full apparently lol.

    Post your figures and I can give you the answer. Zagfles is great but there are plenty of us on here who know the figures as my previous 10 posts show.

    IQ
  • Icequeen99 wrote: »
    And I have told you the answer - they would revise your tax credits based on 7,500 +2,500 disregard so 10,000.

    However, if you moved from 11,200 to 7,500 in August 2015 your actual annual income for tax the year wouldn't be 7,500 that you report to tax credits it would be 4/12 x 11,200 + 8/12 x 7,500 so 8733. In that case they would base your award still on 11,200.

    Edited to add - i see you are doing it with pension contributions now rather than lowering your hours. But the principle is still the same.

    IQ

    No matter how I look at it I am screwed over as a disabled worker. Makes me wonder why I bother. I may as well just be like the majority of disabled people and sit about all day at home doing what ever I want except gainful employment.

    If I was in full health I would be working full time and wouldn't be bothering to have my income topped up with Tax Credits.

    You'll find a lot of people will start moonlighting for cash in hand and the way this shower of a governement are behaving I don't blame them and wish the the the best luck in the world doing so.
  • Icequeen99
    Icequeen99 Posts: 3,775 Forumite
    No matter how I look at it I am screwed over as a disabled worker. Makes me wonder why I bother. I may as well just be like the majority of disabled people and sit about all day at home doing what ever I want except gainful employment.

    If I was in full health I would be working full time and wouldn't be bothering to have my income topped up with Tax Credits.

    You'll find a lot of people will start moonlighting for cash in hand and the way this shower of a governement are behaving I don't blame them and wish the the the best luck in the world doing so.

    It is a huge cut, but don't shoot the messenger. I am only helping you understand the figures - i didn't make the policy.

    IQ
  • stassy23
    stassy23 Posts: 404 Forumite
    sent you a pm icequeen99
  • Teddy3
    Teddy3 Posts: 4 Newbie
    Last Friday I endured a PiP appeal hearing and was awarded standard PiP. I had been hoping to put my car back on the road but apart from having to wait up to 8 weeks for any payments to come through (this nightmare has been going on since last October) it now looks like this is unlikely. I know there are lots of people worse off but I feel so worthless.
  • System
    System Posts: 178,352 Community Admin
    10,000 Posts Photogenic Name Dropper
    IceQueen, can i ask for some help understanding the changes


    I claim the disability element and earned £7,000 last year (based on £7.11 wages), how much am i going to lose? :( I really can;t cope with working more hours, if i'm forced to work full time i'm going to end up having another breakdown and probably end up back on ESA. Tax credits are the only way can afford to work whilst still staying somehwat stable.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Icequeen99
    Icequeen99 Posts: 3,775 Forumite
    IceQueen, can i ask for some help understanding the changes


    I claim the disability element and earned £7,000 last year (based on £7.11 wages), how much am i going to lose? :( I really can;t cope with working more hours, if i'm forced to work full time i'm going to end up having another breakdown and probably end up back on ESA. Tax credits are the only way can afford to work whilst still staying somehwat stable.

    are you single and what are your expected earnings for 15/16 and 16/17?

    IQ
  • System
    System Posts: 178,352 Community Admin
    10,000 Posts Photogenic Name Dropper
    Icequeen99 wrote: »
    are you single and what are your expected earnings for 15/16 and 16/17?

    IQ
    Single (claiming DLA both lower rate) and i expect it will be the same (so £7000, for each year)
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Icequeen99
    Icequeen99 Posts: 3,775 Forumite
    Single (claiming DLA both lower rate) and i expect it will be the same (so £7000, for each year)

    I calculate you will lose around £1200 from your tax credits per year.

    IQ
  • Teddy3 wrote: »
    Last Friday I endured a PiP appeal hearing and was awarded standard PiP. I had been hoping to put my car back on the road but apart from having to wait up to 8 weeks for any payments to come through (this nightmare has been going on since last October) it now looks like this is unlikely. I know there are lots of people worse off but I feel so worthless.
    Not sure what to say, but you aren't worthless, whatever hoops the government think we need to jump through. Sadly I suspect they'll make a lot more people feel this way over the coming years. We need to stick together and help each other through wherever possible.

    Good luck getting your car back. Hopefully once your back payment comes through you'll be able to.
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