Tax credit calculators for new budget 2016/17

dizzybuff

Blondebubbles can I pm you please.

dizzybuff

Ive looked at the sheet, as I pay 150 childcare , the rest in child care vouchers , im a single parent on just over 18k . sounds a lot , don't be fooled . my mortgage alone is 600 . had panick attacks about this . I get a measly amount working tax credit , but will have to wait for my new reward to come through as my childcare changed at the beginning of the month . so I have a feeling I may be losing everything. joys.

Blue22

dizzybuff wrote: »

Ive looked at the sheet, as I pay 150 childcare , the rest in child care vouchers , im a single parent on just over 18k . sounds a lot , don't be fooled . my mortgage alone is 600 . had panick attacks about this . I get a measly amount working tax credit , but will have to wait for my new reward to come through as my childcare changed at the beginning of the month . so I have a feeling I may be losing everything. joys.

Although you dont give an awful lot of detail of your circumstances, if you are struggling now it will only get worse so in your position I would be looking at selling the house. You will get the same in tax credits whether you own or rent but in rented, you will get help with housing benefit provided your savings are low enough.

dizzybuff

I'm not struggling now. I want to be prepared. I never said I.was I don't think.

36 hours a week and the childcare equates to 390 a month 243 is paid by vouchers.

dizzybuff

I'm a worry wart. I like to know things. I've worked my budget out without any ctc or wtc. I can cope. Just.

Just to clarify I don't over spend. I buy if I need not want. I didnt ask to be singley ex downgraded.

dizzybuff

thank you x its appreciated a lot. its just over 200 a month drop a month , currently on the debt free boards to see how I can cut a few things. not as bad as I thought it would be, calming down a bit now. thank you thank you thank you x


Is that an estimate for 2016/2017 sorry im a div today.

skylight

Could you check for me too please?

I am single and I work 25hrs a week at £10400 pa. I have 5 kids at school and child care costs of £80pw.

Can I also ask how that would change even further once my childcare is zero? (as it will be when the youngest is at full time school)
Thanks x

cwtches

Can someone help work out if we would get anything from April.
My husband is currently unemployed after being made redundant and I am full time carer to our disabled son. We get maximum tax credits now, my husband has a few interviews lined up and hopefully will soon be employed again on a salary of £23,000.
Likely income 2016/17 is salary + carers allowance = £26 000
We have 2 children, one severely disabled on high rate DLA for care and mobility.

With all the changes I have no idea if we would get anything and I'm trying to plan ahead.

cifpower

blondebubbles wrote: »

£18183 then £15271

Wow. That's my annual salary!

skylight

Thank you Blonde Bubbles x