Working tax credit living with parents

marliepanda

Moneysaver57 wrote: »

It!!!8217;s the same they said threshold gone up so it!!!8217;s higher

Even though they haven't updated their websites and the amounts given are for 18-19?

Okay then. Enjoy your savings, you'll get so much (imaginary) WTC you'll have a house in no time...

Caz3121

Moneysaver57 wrote: »

It!!!8217;s the same they said threshold gone up so it!!!8217;s higher

hopefully the knowledgeable experts that frequent this board will confirm whether all the government official information regarding £13,100 is correct or not....maybe there was a misunderstanding, have they actually confirmed your amount you will receive is not a zero award?

w06

I think you might be disappointed when you receive your award, I've just put 35 hours at minimum wage (£14,250.60) in a single non disabled 25 year old with no children into the government's tax credit calculator, award is zero

GothicStirling

Considering my sister who earnt the same as you in the last financial year (but has now had her overtime hours reduced) has had her award slashed from £100 to £6 a month. She'll won't be entitled to her previous award until next April (and suspect that I'll have to help with the overpayment, as her salary will barely cover her expenses). Keeping fingers crossed that she'll get this job on Tuesday which would lift her out of the WTC bracket. Best day of my life was when I was no longer eligilble for the government's left overs.

huckster

Tax credits and income related benefits have been used by Governments to subsidise employers that underpay their staff. It would have been far better to have enforced a national living wage at a decent minimum rate.

I think I have read/heard that in the US, where they also had tax credits, that they have started to implement minimum living wage rates.

UK Government I believe are headed in the same direction, gradually removing tax credits and increasing minimum wage rates.

A_Nice_Englishman

huckster wrote: »

Tax credits and income related benefits have been used by Governments to subsidise employers that underpay their staff. It would have been far better to have enforced a national living wage at a decent minimum rate.

I think I have read/heard that in the US, where they also had tax credits, that they have started to implement minimum living wage rates.

UK Government I believe are headed in the same direction, gradually removing tax credits and increasing minimum wage rates.

Indeed, that's what's happening.

The OP will have had benefited quite a bit from the increased minimum wage, especially as he/she has just reached the age of 25 and is now on the full adult rate. But they've spent their extra income rather than getting into the savings habit.

Moneysaver57

I don’t get 14k, I won’t discuss what I actually get, But I’m Eligible. And received confirmation but that’s for ur input !!!128077;!!!127996;!!!128077;!!!127996;

Moneysaver57

Fingers crossed she gets it !!!128077;!!!127996;!!!128077;!!!127996;

Darksparkle

Are you planning to report your employer then for paying less than nmw?

LilElvis

Darksparkle wrote: »

Are you planning to report your employer then for paying less than nmw?

My thought was that the 35 hours per week included unpaid lunch breaks. 32.5 hours at NMW would give an annual salary in line with what the OP said in post #1 - just over £13k.

Either way I can't see them receiving enough to save for a house deposit.