Something doesn't add up please help!

lil'H

Hi there,

I am currently employed, earning 10900 (£9209 net) a year working 25 hours a week and am a single parent. My rent is £800 a month and I recieve £80 a week housing benefit and £104 a week tax credits (working, child and tiny amount towards childcare), and £32.50 a week child maintenence, thus totalling £20900 a year after tax.

You still with me?

Am looking at applying for a full time job, earning £21000 a year, so put the details into entitledto.org to see how much better off i would be. It told me my net wage would be £12,500 a year, I would get no working tax credit, £1259 child tax credit a year and no housing benefit. Obviously i'd still get the child maintenence, giving me a grand total of £15700 a year afer tax.

IS IT ME OR DOES SOMETHING NOT ADD UP? I mean i'd double my wage and end up worse off by £5000 a year? Always found entitledto really reliable in the past, could this be an error on their behalf or would I actually be that much worse off?

Any ideas?

Lil'H

PS obviously i've rounded the figureds to the nearest pounds here but it's all near enough!

minimadtrix

Well, I've just done a quick check on http://www.listentotaxman.com/ and it would appear that £21000 pa works out £16100 net. So, yeah, I think something doesn't add up

sjaypink

lil'H wrote: »

Hi there,

You still with me?

Am looking at applying for a full time job, earning £21000 a year, so put the details into entitledto.org to see how much better off i would be. It told me my net wage would be £12,500 a year, I would get no working tax credit, £1259 child tax credit a year and no housing benefit. Obviously i'd still get the child maintenence, giving me a grand total of £15700 a year afer tax.

uhhhhhhhhh i was up until this point?!

why does it tell you your net will be £12500 if you earn £21000? that bit doesnt make sense? you cant get taxed and ni'd that much.......

or am i reading it wrong?

pickledonionspaceraider

Hi, i'm a single parent myself with a full time job. I have always found the tax credits system to be ridiculously difficult to understand, as I am informed by them that they work out tax credit based on what your annual income was LAST year. It might be of more use to just ring them up, and ask for an estimate.

sjaypink

minimadtrix wrote: »

Well, I've just done a quick check on http://www.listentotaxman.com/ and it would appear that £21000 pa works out £16100 net. So, yeah, I think something doesn't add up

yeah thats def more like it

id say try it again

lil'H

Thanks everyone,

Yep definately it's the net wage part that's wrong, though entitledto is still giving me that figure other calculators are agreeing with you guys. OK panic over, guess i can go for the job!

Lil'H