Working Tax Credit / Child Tax Credit

Spoonie_Turtle

sammyjammy said:

Spoonie_Turtle said:

sammyjammy said:

TwoUpTwoDown said:

Thanks. I saw that you need to pay a charge but i think i'm right in saying that the charge fully offsets the income at 60k plus yes? If so, then that's fine, I've not missed out on anything and don't need to action anything

That is true but there are other benefits like NI credits towards State pension that maybe beneficial dependant on circumstances

In this case people can claim it (most likely OP's wife, with her lower earnings) and opt for it not to be paid so they don't then have to repay it through tax.

I know that, I was pointing that out to the OP and others it might applies to.

Yes, I simply intended to add to your point for those who don't know