Tax credit calculators for new budget 2016/17

mel48rose

FBaby wrote: »

or maybe your wife can return to work and increase your income. That's what many of the 'rich' people do.

Totally agree. Most women have to go back to work now by the time children are at school. Being at home is a luxury most of cannot afford.

OhWow

Compaq7500 wrote: »

So basically as a family we are going to be £1904 a year worst off thats £58.66 a month as always with a Tory government the rich get richer and the poor get poorer oh well only another 4 and half years of this current government left.

You only work a 37.5 hour week and most work a 45 hour week.Can you take on some extra hours? If you don't want to do that can your wife work those extra hours and you look after the children as you have plenty of time at home?

FBaby

as always with a Tory government the rich get richer

Also, the earlier a woman returns to work, the higher the chances her salary will increase over the years, so again, not only the household becomes richer with her returning to work, but continues to do so, hence the rich getting richer.

Hmummy2012

When is it that these chances will take effect ?

longlostmiser

Blonde bubbles, you should just post a huge link to the KPMG calculator in your signature so you don't keep getting asked to work it out.

Upsidedown_Bear

Hmummy2012 wrote: »

When is it that these chances will take effect ?

April 2016.
http://www.entitledto.co.uk/help/Tax_Credits_cuts_April_2016

ETA
List of all benefit changes here:
http://www.entitledto.co.uk/help/benefit_changes_april_2016

bloolagoon

blondebubbles wrote: »

It would make absolutely no difference. IQ has already posted the table that shows the amount people would lose a few times. Plus I don't trust many of the calculators, that one was wrong before.

We used to be able to nominate helper of the month. I have asked where we do this because you so deserve recognition for your help. It appears they are not doing this

WannaBeHappy

blondebubbles wrote: »

£4887 assuming the college course is non advanced.

Huge thank you blondebubbles

Lauren2209

Hi could you please help my partner currently works 32 hours a week earning 11676.00 a year we have to children aged 1 and 7 currently no childcare cost would just like to know what tax credits would be when the changes come in thank you

Lauren2209

Thank you didn't notice the link