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Working Tax Credits Question
Deramore12
Posts: 19 Forumite
I'm trying to make sure I don't fall foul of the working tax credits system but nobody seems able to do a calculation.
My wife goes out to work and her net income is £1500 a month.
We get working tax credits of £120 a week which is at the higher rate due to having a disabled daughter who is autistic.
I had to retire about 3 years ago as it was all becoming too much for my wife so she is now the main bread winner.
I get carers allowance which is £267 a month
My daughter is quite needy but has become more mature and on that basis attends college every day BUT I have to take her morning and the pick her up at 5oclock BUT I am now free to work 10am until 4oclock and indeed would like to. I could also work week ends.
I don't want these benefits and would like to get a job to replace them but its difficult given I have specific caring needs at certain hours of the day plus I'm 63 , I'm nervous that if i do manage to get a job unless its NET more than circa £900 a month I end up actually losing money as our finances are on a knife edge.
I would be happy to work part time but if its only say £600 a month I would immediately lose carers allowance that's fine, but would i lose the tax credits as well ?
I cannot seem to find anyone who is absolutely sure I wont lose money. I have to say I feel trapped as I do want to go out to work.
My wife goes out to work and her net income is £1500 a month.
We get working tax credits of £120 a week which is at the higher rate due to having a disabled daughter who is autistic.
I had to retire about 3 years ago as it was all becoming too much for my wife so she is now the main bread winner.
I get carers allowance which is £267 a month
My daughter is quite needy but has become more mature and on that basis attends college every day BUT I have to take her morning and the pick her up at 5oclock BUT I am now free to work 10am until 4oclock and indeed would like to. I could also work week ends.
I don't want these benefits and would like to get a job to replace them but its difficult given I have specific caring needs at certain hours of the day plus I'm 63 , I'm nervous that if i do manage to get a job unless its NET more than circa £900 a month I end up actually losing money as our finances are on a knife edge.
I would be happy to work part time but if its only say £600 a month I would immediately lose carers allowance that's fine, but would i lose the tax credits as well ?
I cannot seem to find anyone who is absolutely sure I wont lose money. I have to say I feel trapped as I do want to go out to work.
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Comments
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Have you tried using a benefits calculator and put different figures in? https://www.entitledto.co.uk/benefits-calculator remember that tax credits is based on the previous years income unless there's a £2,500 difference. https://www.entitledto.co.uk/help/how-tax-credits-work
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