Tax credits renewal help

singleandskint

Can somebody with experience take a look over my renewal quickly for me and see if the figures are correct please?
Background: Lone parent 3 children annual pre tax income to April £19025
This is where it gets complicated...
Childcare costs, since 11/12/17 they are asking me to declare childcare of 320 a week, what I actually pay is as follows;
Child 1 406 per month
Child 2 406 per month
Child 3 45 per week every week (52/52)AND 115 per week term time only(39/52)..does this average as per their calculation please?
Really can't seem to get my head around the sums.

Thanks in advance

sheramber

you can check your costs here https://www.gov.uk/childcare-costs-for-tax-credits

Darksparkle

So your annual costs are £16,569. Weekly that's £319 (rounded up).

They will only assist up to a maximum of £300 per week.

singleandskint

Thank you. So effectively I should get the maximum 70% of the 320 or is it 70% of 300?

Not a fan of this averaging my costs as come July I'll only be paying the 1 Child minder 406 per month for all 3 then reducing to just 2 of them in September when the eldest has decided he would be shamed to have a Child minder so I've just got to look for holiday clubs.

I really don't understand any of it as I'm looking at a period which is effectively only Dec-Apr for my declaration and during that period there has been more term time than holiday time so calculations seems a bit skewed in their favour I think.

Thanks for the help

Darksparkle

70% of £300.

You would just notify any future changes in costs and it will be readjusted however it would only change if the costs drop below £300 per week.