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I have some tax credit questions
dragonfly2008
Posts: 103 Forumite
Im trying to work out someone's income that has recently moved jobs.
30 Hours a week
10140 per year before deductions
9,890.40 per year/824.40 a month, according to listentothetaxman.
HMRC calculator £880.51 from 23/07/15 to 05/04/16. Lets say 8 months, £110 a month. (Any idea what the figure would be for a full year ?)
£110 + 824.40 … £934.40 a month.
I have a few questions
Is this right
?
There is a substantial difference between tax credits at 35 hours and 30 hours, is that normal ?.
How is this likely to change next April in terms of figures, theyll be worse off ? By how much ?
Thanks in advance
30 Hours a week
10140 per year before deductions
9,890.40 per year/824.40 a month, according to listentothetaxman.
HMRC calculator £880.51 from 23/07/15 to 05/04/16. Lets say 8 months, £110 a month. (Any idea what the figure would be for a full year ?)
£110 + 824.40 … £934.40 a month.
I have a few questions
Is this right
?There is a substantial difference between tax credits at 35 hours and 30 hours, is that normal ?.
How is this likely to change next April in terms of figures, theyll be worse off ? By how much ?
Thanks in advance
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