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Universal credit help
Mum2Boys_2
Posts: 100 Forumite
Hello I would appreciate some help.
I am currently on Tax credits, my entitlement is decent at £247 per week for 3 children and one in childcare costing £50 per week.
I have been head hunted for a new job which is a large jump in wage, between 10-12k a year so roughly 27k.
I did an entitled to calculation and it calculated that the difference between tax credits and UC was massive -£105 per week!
This would mean that accepting this position would give me £50 extra per month although I’d be spending that on fuel.
Is this calculation likely right and if I was to make a change in my yearly wage they would move me over to Universal Credit?
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Comments
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Having an increase in wages would not mean you would need to make a claim for UC. You just need to update tax credits.0
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Thank you, I expected it to go down obviously including if I was on tax credits also but even at that wage the difference between tax credits and universal credit is massive.... such a large amount to lose each month.0
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Do not go to universal if you are getting tax credits0
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Ivabr89 said:Do not go to universal if you are getting tax credits
Whilst UC doesn't suit everyone, some people are better off on this than they were on tax credits.
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But you are not losing anything, as your wages increase, any benefit you are receiving decrease, so it balances out, thats how the benefit system works.Mum2Boys_2 said:Thank you, I expected it to go down obviously including if I was on tax credits also but even at that wage the difference between tax credits and universal credit is massive.... such a large amount to lose each month.
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Indeed and the benefits go down less than the wages increase so there is a net gain.tomtom256 said:
But you are not losing anything, as your wages increase, any benefit you are receiving decrease, so it balances out, thats how the benefit system works.Mum2Boys_2 said:Thank you, I expected it to go down obviously including if I was on tax credits also but even at that wage the difference between tax credits and universal credit is massive.... such a large amount to lose each month.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.1
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