Child Tax Credit

ffacoffipawb

Salary £30k, child tax credit = £545

Salary = £18k child tax credit about £2k??

What an extra incentive, on top of tax relief/deferral for a £12k pension contribution, assuming you don't need the money!

swanny65

Wrong........i dont know the exact figures but minimum CTC cuts in at about £18000.00 and above up to (about) £55000.00

No doubt someone will help with the exact amounts

ffacoffipawb

swanny65 wrote: »

Wrong........i dont know the exact figures but minimum CTC cuts in at about £18000.00 and above up to (about) £55000.00

No doubt someone will help with the exact amounts

Bump ....

Anyone?

LilacPixie

totally depends on individual circumstances such as amount of children, age of children, disabilities, single or joint claim, how many hours worked and how much childcare if any as that all changes the level at which basic ctc kicks in.

In general is at around 18k that basic 545 kicks in until 50 ish k and then the 545 reduces until its virtually zero by 57k presuming children are all over 1.