📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Tax credit calculators for new budget 2016/17

Options
1151618202156

Comments

  • Viks24
    Viks24 Posts: 116 Forumite
    Part of the Furniture 100 Posts Photogenic Combo Breaker
    So slightly out but quite a bit less than what we already receive! Thanks though! x
    January Wins: New Ipad:j
  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    I went to the JS to sign-on yesterday and the lady was 'warning' me that from next October when it will be 12mths i've been unemployed i'll get transferred from seeing her to see someone that will make me do any job they offer me or get sanctioned.
    I asked her how WTC may affect me if i could find a p/t job, and she printed off a few examples. If i were to work 15hrs i'd be £2 worse off than i am now; but one extra hour working 16hrs i'd be £23 better off. If i can find a 30hr job i'll be £123 better off. Based on being paid Minimum Pay.
    She had logged onto EntitledTo.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
  • Pedent
    Pedent Posts: 150 Forumite
    Eighth Anniversary Combo Breaker
    bloolagoon wrote: »
    They promised for the duration of this election that child benefits would not be hit. They were clear that it was CB not CTC and when repeatedly asked they said CB wouldn't be cut.

    They weren't clear on this at all. Michael Gove said of tax credits, "We're going to freeze them for two years, we are not going to cut them."
  • Would anyone be able to help me work out what my award will be from next April

    I am a single parent working 30hrs. I imagine my salary will be around £16350 by end of year.

    Youngest is 8yrs old, childcare averages around £15 a week with school clubs.

    My eldest is 17, will remain in full time education.
    He is autistic and currently gets middle rate DLA but currently going through PIP application.

    Thank you if anyone can assist
  • I worked out as £8571


    Thank you Blonde Bubbles, much appreciated.

    Tax credits are a lifeline for me, I hope to increase my hours at some point but it is difficult as sometimes I need time off for appointments with my son and also there are no extra hours available at this moment in time

    Thanks again :)
  • could someone work out my situation please? currently work 40hrs aweek £15000 in income from work. my gf receives dla for herself at middle rate. we have 2 children ages 2 and 6. im alittle worried about how much in ctc I will get. also im due a promotion at work which will bring me £18000 a year. could someone work out what I would receive on both my income and new income if my promotion goes ahead.


    thanks in advance.
  • is that just child tax? I will lose the working tax right? thanks btw
  • thanks alot for the help :) is this exactly what i will come out with? i heard to the government have not released official figures yet.
  • kittykat17
    kittykat17 Posts: 325 Forumite
    Stoptober Survivor
    Hi, wonder if anyone can give me any idea of my tax credits for 2016/17? I am single, work 25 hours a week and get the disabled element for wtc (I know they haven't announced disability element rate for next year). I worked out that I would get £4,697 for the year but don't think this can be right! I wouldn't be losing anything!


    I use my tax credits to pay for care for my father whilst I'm working. I can't work full time as Dad has doctor, hospital appointments, etc, which I have to take him to. I work nights so that I'm available during the day to care for him, etc.


    Thanks for any help / info.


    Su
  • kittykat17
    kittykat17 Posts: 325 Forumite
    Stoptober Survivor
    Sorry forgot to say that I earn £9667 a year. Don't know if this will change during the year. Thanks.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.