What point do tax credits stop?

[Deleted User]

Hi, my last P60 figure for tax credits was £22830 and I pay £15 p/w childcare and receive £144 every 4 weeks.. This is going down to £105 every 4 weeks from April.

I want to increase my hours (I do 30) and I'm trying to work out how much better off i'll be.

So if i were to do 33 hours a week my salary would be £26k ish plus a £500-£1k bonus maybe?

Can anyone tell me at what point i'd stop receiving any kind of tax credits? I'm fully aware 'you'll always be better off working' etc, but I'm just trying to work it out so i'd know. My childcare wouldn't increase.

Thanks.

Suarez

I think it stops at around £26k for one child. Not sure if you have more than one.

Darksparkle

The £26,000 for one child without childcare. With qualifying childcare it increases depending on costs.

If paying £15 per week childcare, tax credits would stop at approx £27,500

[Deleted User]

Thanks Darksparkle, I might rejoin the childcare voucher scheme at work before April so I won't then need to claim tax credits at all. I'm hoping for a promotion so I will be over the threshold anyway. I do only have the one child and am a single mother.