Tax credit calculators for new budget 2016/17

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  • Icequeen99
    Icequeen99 Posts: 3,775 Forumite
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    blondebubbles wrote: »
    All those calculations for nothing!

    They should have at least mentioned that in the debate!

    IQ
  • wishies_x
    wishies_x Posts: 93 Forumite
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    Thank you for all your help though :):) & I'm sure everyone else you helped feels the same, it's such a minefield! Thanks again xx
    2017 wins so far: Diddly squat :(
    Make £10 a day in February - £16.05/£280
  • pfpf
    pfpf Posts: 4,955 Forumite
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    so was the MW increase to £7.20ph in April linked to this same bill?

    so does that mean TC claimants get to keep the TC and get a pay rise?

    we claim no benefits but my OH was looking forward to her MW increase.
  • NYM
    NYM Posts: 4,066 Forumite
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    blondebubbles wrote: »
    All those calculations for nothing!


    Not for nothing! Just think of all those people you helped on here x

    You're 'redundant' now though...:rotfl:
  • Tigsteroonie
    Tigsteroonie Posts: 24,954 Forumite
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    Huge thanks to blondebubbles for all her help during the last months of uncertainty :)

    Please don't go - I suspect we'll need you again in a few weeks' time :D
    :heartpuls Mrs Marleyboy :heartpuls

    MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote

    :) Proud Parents to an Aut-some son :)
  • bloolagoon
    bloolagoon Posts: 7,973 Forumite
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    Tigsteroonie wrote: »
    Huge thanks to blondebubbles for all her help during the last months of uncertainty :)

    Please don't go - I suspect we'll need you again in a few weeks' time :D

    She and others have been amazing!
    Tomorrow is the most important thing in life
  • NYM
    NYM Posts: 4,066 Forumite
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    pfpf wrote: »
    so was the MW increase to £7.20ph in April linked to this same bill?

    so does that mean TC claimants get to keep the TC and get a pay rise?

    we claim no benefits but my OH was looking forward to her MW increase.


    That's a good question!...:think:

    Where will they now find the money for the additional £910 p/a increase in earnings (for a full-time worker on the current NMW)
  • Icequeen99
    Icequeen99 Posts: 3,775 Forumite
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    NYM wrote: »
    That's a good question!...:think:

    Where will they now find the money for the additional £910 p/a increase in earnings (for a full-time worker on the current NMW)

    The NMW living premium was not in this legislation. This wasn't a bill just a tax credit statutory instrument that appears every year.

    IQ
  • andrewmp
    andrewmp Posts: 1,754 Forumite
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    NYM wrote: »
    That's a good question!...:think:

    Where will they now find the money for the additional £910 p/a increase in earnings (for a full-time worker on the current NMW)
    The emplyer will pay the extra and tax credits will reduce as a result still but at the old 41% taper rate.
  • NYM
    NYM Posts: 4,066 Forumite
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    andrewmp wrote: »
    The emplyer will pay the extra and tax credits will reduce as a result still but at the old 41% taper rate.


    Ignore me.... I was having a 'blonde' moment....redface.gif
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