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Childcare costs element of working tax credits
Ali1975uk
Posts: 11 Forumite
Me and my wife are working and our income is going to increase around 15k in 3 to 4 months. We have 2 kids and I am claiming around £200 per week childcare costs in my working tax credits.
Does childcare costs element of working tax credits also have income threshold? would I be get less money when my income increases or stays same?
Thanks in advance!
Does childcare costs element of working tax credits also have income threshold? would I be get less money when my income increases or stays same?
Thanks in advance!
0
Comments
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All elements of tax credits are based on income. If your income increases your tax credits will decrease/stop depending on your specific circumstances0
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