Would I be better off changing to Universal Credit from Tax Credits?

Jobfromhome

calcotti said:

On a rough calculation with four children taken into account and assuming the full £560 rent is allowable I have arrived at a figure of about £1450/month which is equivalent to £335/week plus the Child Benefit of £63.15.

Obviously amounts will reduce when only three children are included. The UC will also drop by £86.67/month in October under current regulations.

As per my earlier post the reason your entitlement is higher is because the UC includes help with rent which you are not currently claiming.

what was the actual link again?

I followed it and it showed me my tax credits and child benefit allowance, then it had a tab that said universal credits allowance so I clicked there and it gave me what the allowance was.

calcotti

Jobfromhome said:

Spoonie_Turtle said:

Jobfromhome said:

poppy12345 said:

Please do not submit the claim until you are 100% sure it’s correct because your tax credits will end as advised. It will not give you an amount when you apply. You will only know how much you’re entitled to when you receive your first statement. £380 per week does sound rather a lot. 

i must of done something wrong

Did you perhaps include all of your children living at home, regardless of age?  Your eldest doesn't count as a dependent so you wouldn't get the child element for them AND you'd have the deduction for them.

Edit: also do you rent privately or socially?

we are housing association

Forgot to ask that earlier - in that case the Local Housing Allowance doesn’t apply. Is your actual rent £560?

calcotti

poppy12345 said:

calcotti said:

On a rough calculation with four children taken into account and assuming the full £560 rent is allowable I have arrived at a figure of about £1450/month which is equivalent to £335/week plus the Child Benefit.

Which will be less by October if the Government reduce the standard allowance. Also less again once the 18 year old leaves full time non advanced education.

Indeed - editing the drop in as you posted! As regards the drop when one child is removed that will of course apply equally to Tax Credits.

Jobfromhome

calcotti said:

Jobfromhome said:

Spoonie_Turtle said:

Jobfromhome said:

poppy12345 said:

Please do not submit the claim until you are 100% sure it’s correct because your tax credits will end as advised. It will not give you an amount when you apply. You will only know how much you’re entitled to when you receive your first statement. £380 per week does sound rather a lot. 

i must of done something wrong

Did you perhaps include all of your children living at home, regardless of age?  Your eldest doesn't count as a dependent so you wouldn't get the child element for them AND you'd have the deduction for them.

Edit: also do you rent privately or socially?

we are housing association

Forgot to ask that earlier - in that case the Local Housing Allowance doesn’t apply. Is your actual rent £560?

yes 140 a week

Jobfromhome

we are with clarion we live in the south east

Jobfromhome

so its not looking like the figure I got was correct at all?

calcotti

Jobfromhome said:

calcotti said:

Jobfromhome said:

Spoonie_Turtle said:

Jobfromhome said:

poppy12345 said:

Please do not submit the claim until you are 100% sure it’s correct because your tax credits will end as advised. It will not give you an amount when you apply. You will only know how much you’re entitled to when you receive your first statement. £380 per week does sound rather a lot. 

i must of done something wrong

Did you perhaps include all of your children living at home, regardless of age?  Your eldest doesn't count as a dependent so you wouldn't get the child element for them AND you'd have the deduction for them.

Edit: also do you rent privately or socially?

we are housing association

Forgot to ask that earlier - in that case the Local Housing Allowance doesn’t apply. Is your actual rent £560?

yes 140 a week

£140/week is not £560/month because there are more than 4 weeks in a month. If you are charged £140/month then the monthly equivalent is £606.66/month. How many bedrooms do you have?

Jobfromhome

calcotti said:

Jobfromhome said:

calcotti said:

Jobfromhome said:

Spoonie_Turtle said:

Jobfromhome said:

poppy12345 said:

Please do not submit the claim until you are 100% sure it’s correct because your tax credits will end as advised. It will not give you an amount when you apply. You will only know how much you’re entitled to when you receive your first statement. £380 per week does sound rather a lot. 

i must of done something wrong

Did you perhaps include all of your children living at home, regardless of age?  Your eldest doesn't count as a dependent so you wouldn't get the child element for them AND you'd have the deduction for them.

Edit: also do you rent privately or socially?

we are housing association

Forgot to ask that earlier - in that case the Local Housing Allowance doesn’t apply. Is your actual rent £560?

yes 140 a week

£140/week is not £560/month because there are more than 4 weeks in a month. If you are charged £140/month then the monthly equivalent is £606.66/month. How many bedrooms do you have?

we have 3 bedrooms

calcotti

Jobfromhome said:

so its not looking like the figure I got was correct at all?

My rough calculation quoted above is broadly similar if your figure was the combined UC and CB and was based on 4 children.

Jobfromhome

calcotti said:

Jobfromhome said:

so its not looking like the figure I got was correct at all?

My rough calculation quoted above is broadly similar if your figure was the combined UC and CB and was based on 4 children.

that is a little more than we get now, like I say we get 233 a week at the moment