Tax credit calculators for new budget 2016/17

zagfles

ProudDad wrote: »

Totally bamboozled by all these changes, currently getting £458 four weekly for 2 children based on a household income for my self and my wife of £18795 last year. Anticipating my income for this year is going to be about £20000 what would my total award be for next year. Me working full time 35 hours per week, wife full time student, no childcare.. Thanks in advance ��

About £3133, so £241 per 4-weeks.

cifpower

specialboy wrote: »

It's actually someone I know who has 4 (not 3 my mistake) kids at home already and is due again next May but has already stated that she may have more after that until she gets a boy.

Lovely for the people paying for her

FBaby

If family 2 had a disabled child (and all other circumstances where the same) they would get £2041 approx in tax credits.

Ok, my error in assuming that they would still be entitled to no tax credits.

I didn't realise that disability hadn't that level of extra tax credits, in addition to DLA and CA. I won't say anything further on that.

I didn't say they would probably earn double if they didn't have a disabled child so I don't know where you got that from. I just said it may explain why earnings are low.

My apology for misinterpreting what you said, but don't see the point of that comment, as just as well, it might have nothing to do with the low income.

FBaby

My point was that you cannot assume the reason they are on a low income is due to tax credits.

Totally misinterpreted what you were saying. I thought you were saying that they were maybe on a low income because of their child's disability. I didn't consider for a second that they were choosing to be on a low wage just because tax credits made up the difference.

But even taking the disability element out of it, I still don't agree that a family earning twice as much as another through work should only be a few hundred pounds better off. A job is not just a job, it can be career requiring commitment and sacrifices to get there and that should be better rewarded. I sometimes feel like a hypocrite when I encourage my kids to work hard at school to get top grades and to aim to study for a career because that's the route to get a better job that will bring them a better income when I then read this and think 'is it really worth all the commitment and stress'?

going_nowhere_fast

Could somebody kindly help me predict my tax credits for next year? I cant understand the instructions for working it out.

Lone parent

Current salary £13500
Prob the same next year

Hours 21 per week

Yearly childcare costs £1,500

Would love to earn more but stuck in a rut workwise, no idea how to better myself career wise.

Thanks in advance for your help.

going_nowhere_fast

Just the one

going_nowhere_fast

Thanks. Im going to find it tough.

I think the government should have tackled non paying NRP alongside implementing these cuts. I agree with the principal of working as opposed to accepting handouts but think many people are going to struggle with these cuts. There are a lot of low paying jobs and personally i have no idea what job i could get that pays better and no idea how to go about making a career change. It feels scary when you've no support.

I rang the new CSA (cant remember the name) - seems they are as much use as the CSA. The same loopholes exist!? My maintenance calculation is £0. Yet the NRP is making no effort to hide their standard of living which demonstrates a very healthy income.

shoe*diva79

I start work tomorrow. I will be earning £8840 per year and will have childcare costs of £15.38 per week (8 weeks childcare divided through 52 weeks). I have 2 children aged 16 and 4. If the tax credits will be dropping does that mean I could make a change of income claim to housing benefit? I am assuming its going to be around £30 a week drop of TC.

kirstle99

Can anyone help me calculate my tax credits from April please?

I earn 11k a year working 30 hours per week.

I have 2 children aged 8 and 4, with childcare costs of £81 per week.

I am a single parent.

TIA

cloud84

Hi can someone help with a calulation for WTC I get the disability element due to a long term illness.
Me: £6240 20hours per week
Partner:11520 36hours per week

Currently we receive £60 per week
Really concerned i'll have to increase my hours in April (i'm at my limit really for my health).

Is the disability element going to change?
Thanks