Am I missing something that I could claim?

AngelPie78

Darksparkle wrote: »

I haven't read all that thread because it's quite long but in case you aren't aware, you can get tax credit help with childcare to enable you to work full time if you could even find a NMW job.

If say you work 40hrs per week on NMW that's £15,600 per annum, £300 per week gross. £267 net.

Before/after school care for 3 days in my area would be around £114 per week (39 weeks) and for holidays £246 per week (13 weeks) so an average of £147 per week.

I'm using those figures for tax credits which would be approx £312 per week. Plus child benefit of £20.70 per week.

So you'd have:
Wage £267 per week
Tax Credits & Child Benefit £332
Less childcare £147

Income for remainder of bills £452 per week.

I'm unsure what help with rent/council tax you'd get as that's up to your own council rates.

Ah thanks - I hadn't consider all of that. I'll have to see how my rent and council tax would factor in but that's an option!

Well my TC have been stopped because they hadn't received my renewal so they're going to be recalculated. I guess my HB will make any difference anyone but it might help!

Darksparkle

Use the benefit calculators at entitledto or turn2us.

AngelPie78

Darksparkle wrote: »

Use the benefit calculators at entitledto or turn2us.

I've used them before but always ended up worse off. I'll go back and check!

stoozie1

Remember the £2500 disregard between 16/17 and 17/18 years.

The benefit calculators, even the .gov.uk one don't factor for this.

AngelPie78

stoozie1 wrote: »

Remember the £2500 disregard between 16/17 and 17/18 years.

The benefit calculators, even the .gov.uk one don't factor for this.

What's that?

stoozie1

The first £2500 difference in income between last year and this year is disregarded in the calculation of your award. So if your income drops say £7k, then for tax credits purposes it is as if it only dropped by £4500. Whereas people who just use the online calculators would be expecting a higher award as they were entring their actual income figures.

Does that make sense?

Darksparkle

As far as I remember it is factored in to entitledto calculator. The gov one previously explained it before you started the calculation but I think it's been removed. The disregard only applies to tax credits.