something wrong

Oldernotwiser

mitchaa wrote: »

No, in the eyes of benefits £38k combined is a lot of money.

For example the basic entitlement to CTC is set at around £21k combined (for 1 child)

£21k combined so person A earns £11k and person B earns £10500k then they will be deemed to 'wealthy' in order to receive the additional rate of CTC.

I appreciate that in benefit terms you're right; I was just answering another poster's comments.

mitchaa

Dippychick wrote: »

I think that is unfair - incidentally I never intended to have 3 children so young but I was blessed with Twins.

I am self-employed but we are struggling so I am just grateful that if I go back to work full time, we can bring in over £120 a week although my poor kids wont see us as much.

To be fair childcare is still costing you £360+ pm even with TC considered so still quite a fair bit out of your salary.

seven-day-weekend

Would it be more affordable if one of you stayed at home with the children for a while?

System

SLSKKJ wrote: »

nb because of the type of car I am given- which I have little say in I pay an extra £150 per month tax! (or so I believe from my payslips)- so my whopping salary quiclky shrinks- but the real nighmare begins when you earn bonus as this totaly confuses the already complicated system

Whilst I appreciate that you are struggling due to childcare costs and the significant rises in costs that we all are suffering I think £150 per month from your salary for your company car is considerably cheaper than having to purchase a car yourself.

Also provided your income doesn't increase by more than £25,000 in a tax year there should be no affect on your award by a bonus of £10,000. That only comes into play the following year.