Will I be better off with a pay rise?

xylophone

The comment about being more independent is rubbish as I still have to depend on having a job,

How does this make you different from anybody else?

Cheeky_Monkey

Darksparkle wrote: »

I'd ask your employer/pension provider.

However given you'd be better off, I'm not sure why you wouldn't want the money?

I think the OP does want the money - they just want to have both the pay rise and benefits at the same time

Darksparkle

Cheeky_Monkey wrote: »

I think the OP does want the money - they just want to have both the pay rise and benefits at the same time

I more meant, the money now rather than later.

BigAunty

The Turn2 us benefit calculator will confirm if you are better off. It is well known that there can be a steep withdrawal of benfits and potential increase in childcare, taxation, travel costs to work in some instances that mean some households are less/no better off/only a tiny bit better off, when they have an increase in income.

Darksparkle

BigAunty wrote: »

The Turn2 us benefit calculator will confirm if you are better off. It is well known that there can be a steep withdrawal of benfits and potential increase in childcare, taxation, travel costs to work in some instances that mean some households are less/no better off/only a tiny bit better off, when they have an increase in income.

If the increase in income is due to an increase in hours then possibly yes.

But if it's simply a payrise then childcare, travel costs etc shouldn't increase.

dippy3103

dalo wrote: »

The comment about being more independent is rubbish as I still have to depend on having a job, nothing is guaranteed!

A massive percentage of working people are independent but know that if they lost their job they would rely on benefits. Take the pay rise & if your circumstances change for the worse then reclaim. If everyone declined pay progression in favour of benefits we would be in a sorry state .

restless6

Of course you will be better off and your kids will see what a good role model you are to them.
Think about when your kids are older and you no longer get tax credits- would you regret not pursuing career promotions etc and be left on a rubbish wage with no benefit top up ? Look at the long term

I am also a single mum and work full time and sometimes you wonder if the small financial gain is worth all the juggling and stress/exhaustion that it brings- but then I remind myself that I don't want my boys to grow up thinking its ok to doss around doing sod all for a living!! Self respect wins over the financial gain every time

[Deleted User]

Well my 4 year old doesn't see where the money is coming from so he's not going to think any better of me. I thought the government stated that the benefits will never be more than what you can get whilst earning a living. That's why I asked, if me getting a pay rise meant being £200 worse off a month, my son would soon notice that when I can't afford the basics, and before anyone starts, I don't have a phone contract/Sky/car finance I literally stopped everything I could after the separation. When he's at school this year I won't have to pay any childcare bar holiday club, so the majority of tax credits will stop anyway and I knew that. My self respect is pretty high thanks I'm doing an amazing job as a single mom. I'm not a scrounger.

MABLE

If a pay rise is there then you should take it and that way you will be less of a burden on the public purse.

NYM

dalo wrote: »

Well my 4 year old doesn't see where the money is coming from so he's not going to think any better of me. I thought the government stated that the benefits will never be more than what you can get whilst earning a living. That's why I asked, if me getting a pay rise meant being £200 worse off a month, my son would soon notice that when I can't afford the basics, and before anyone starts, I don't have a phone contract/Sky/car finance I literally stopped everything I could after the separation. When he's at school this year I won't have to pay any childcare bar holiday club, so the majority of tax credits will stop anyway and I knew that. My self respect is pretty high thanks I'm doing an amazing job as a single mom. I'm not a scrounger.

I've read some of your other posts and don't think of you as a 'scrounger' at all!

However, I read that you are considering re-mortgaging?
Wouldn't making additional pension payments be detrimental to the affordability checks ? I do realise that some providers take some benefit payments into account and also payments into a pension scheme, but doesn't it reduce the market you can approach?