Tax credit calculators for new budget 2016/17

xHannahx

Can anyone help with my calculations please. I want to be able to plan ahead.

22k a year household income, 2 adults, 2 children at the moment but will be 3rd child by the end of the year as I'm 20 weeks pregnant.

Thanks in advance.

sorryitsme

Hi can anyone help calculate the reduction.

Single with 3 children working 30hrs a week. Salary approx 19k. Child care approx £70 per week.

Many thanks in advance to help me plan for the changes

supersaver2

blondebubbles wrote: »

I'd estimate a drop of approx £2000

Thanks so much was worse than I expected but better to be prepared.

myamyamoo

I would appreciate some help please.
Oh salary £42000p.a. I don't work and we have 4 children with no disabilities. Will we receive anything at all or not?
Thank you

Icequeen99

myamyamoo wrote: »

I would appreciate some help please.
Oh salary £42000p.a. I don't work and we have 4 children with no disabilities. Will we receive anything at all or not?
Thank you

No, you won't receive anything.

IQ

myamyamoo

Thank you IQ for the quick reply, at the minute we get £111 per month as we were overpaid in previous years.
At least we are forewarned.

Icequeen99

myamyamoo wrote: »

Thank you IQ for the quick reply, at the minute we get £111 per month as we were overpaid in previous years.
At least we are forewarned.

Yes, I calculated current entitlement as just over £1800, so with 25% recover £111 a month would be about right.

IQ

SkyeKnight

myamyamoo wrote: »

I would appreciate some help please.
Oh salary £42000p.a. I don't work and we have 4 children with no disabilities. Will we receive anything at all or not?
Thank you

The problem you are going to have is that after April 2017 you will only be eligible to claim for 2 children if you ever start to claim again.

bridgend_girl

Would like to be able to work out my CTC and/or WTC rates for next year myself. Can anyone please show me the correct way to do it please?

Was thinking of paying into pension and want to play with the figures in advance rather than over commit.

Single, 2 kids (11 and 12), full time employment, no disabilities.

Love spreadsheets just don't know which figures to put it.


Many thanks

bridgend_girl

Awesome. Don't flame me but it does seem that the incentive to pay into a pension is greater again. Every £1 I pay in going to get an additional 20p tax added and 48p added to my tax credit claim?
Seems too good to be true? Have I worked that out correctly.

Low mortgage, old car, no debts and frugal lifestyle so could afford it.