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Becoming a stay at home dad
djtonyb
Posts: 629 Forumite
Any information about the following would be greatfully received.
My husband is being made redundant at the end of September. We have looked at our finances and it cheaper for him to stay home to look after our daughter. Will he be able to sign on at the job centre but not take a job?
How will this afftect my tax credits?
He also runs a mobile disco and pays tax thro the local tax office. If he is not earning will he be liable to pay tax on his disco earnings (typ £4000 a year)?
Many thanks
Amanda
My husband is being made redundant at the end of September. We have looked at our finances and it cheaper for him to stay home to look after our daughter. Will he be able to sign on at the job centre but not take a job?
How will this afftect my tax credits?
He also runs a mobile disco and pays tax thro the local tax office. If he is not earning will he be liable to pay tax on his disco earnings (typ £4000 a year)?
Many thanks
Amanda
Fat and proud lol
0
Comments
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Your husband would be eligible for JSA contribution based if he's paid NI contributions in the relevent tax years.
He would have to be seeking work.
As he has his mobile DJ job that would be taken into account. You can only earn a very small amount (it used to be £5 a week higher for single parents) before the money from JSA starts to come off pound for pound.
You should inform tax credits of your reduced income.0 -
thanks for that.
Do you know if he will still have to pay tax on the disco or will it fall below the tax thresh hold?Fat and proud lol0 -
I think it will probably be under but not 100% since I'm not totally sure of tax allowances. You could do a search or ask on the cutting tax board0
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He would fall below the threshold (£4,895) in future years, but if he has already earned money from his current job, chances are he'll already be over the threshold for this year.
irs0 -
As he is earning say £77pw from his part time work, I very much doubt ( not sure- only opinion) he will be paid Contribution based JSA , but may be entitled to certain means tested benefits / credits
edit.. suppose this info is only what spendless posted- just looked at in a different way
This mau make the DJing not worthwhile- but suppose would not want to loose the touch ... also perhaps a good release if going to be a stay at home father
If he does claim then be expected to show willingness to be employedAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
if you write to the child benfit people and get him as the first named claimant - he will then get NI credits whilst not working (home responsibilities protection). we did this when my OH became a stay at home dad and i went back to work - just swapped names over now he gets the credits. he doesn't sign on as he has no intention of applying for work. we get tax credits on my earnings and his right to a state pension is also secured0
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