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    • Ikpo1979
    • By Ikpo1979 13th Jan 19, 8:07 AM
    • 21Posts
    • 1Thanks
    Ikpo1979
    Help with Tax Credits amounts
    • #1
    • 13th Jan 19, 8:07 AM
    Help with Tax Credits amounts 13th Jan 19 at 8:07 AM
    Hi all, hopefully Someone can help me as trying to find any info is virtually impossible. Iíll try to keep it brief.

    I work full time. My partner works part time (3 days a week) we are relatively low earners bringing in around £23, 000 per year.

    Our daughter goes to nursery for 2 of the 3 days that my partner works and we are currently receiving 15 funded hours from the government towards her nursery fees. At the end of each month we are left with £69 to pay towards her nursery fees.

    Because we are paying for childcare We currently are in receipt of tax credits, and get £386 a month. Obviously this is a lot more that we are paying out. (£69)

    As my daughter is due to go to school in September, I am trying to budget my money for when we are no longer paying for her childcare.

    Can anyone tell me, if when the tax credit renewal is due, as we will be no longer paying for childcare will I be £386 a month worse off, or will I still get a proportion of this?

    Itís all very confusing as initially I just assumed if I was paying £69 a month for childcare, the government would cover this amount? Why do we get so much more in than we pay out? Is it because we are low earners too?

    Thanks for taking the time to read this.
Page 1
    • poppy12345
    • By poppy12345 13th Jan 19, 8:35 AM
    • 4,178 Posts
    • 4,008 Thanks
    poppy12345
    • #2
    • 13th Jan 19, 8:35 AM
    • #2
    • 13th Jan 19, 8:35 AM
    Putting all your details into a benefits calculator will tell you how much you could claim. https://benefits-calculator.turn2us.org.uk/AboutYou
    • calcotti
    • By calcotti 13th Jan 19, 9:11 AM
    • 1,246 Posts
    • 850 Thanks
    calcotti
    • #3
    • 13th Jan 19, 9:11 AM
    • #3
    • 13th Jan 19, 9:11 AM
    As poppy suggests try a benefits calculator.
    Last edited by calcotti; 13-01-2019 at 10:29 AM.
    • Ikpo1979
    • By Ikpo1979 13th Jan 19, 9:31 AM
    • 21 Posts
    • 1 Thanks
    Ikpo1979
    • #4
    • 13th Jan 19, 9:31 AM
    • #4
    • 13th Jan 19, 9:31 AM
    Thank you! Just tried that and itís telling me Iím entitled to Child Tax credits.

    Am I being stupid, I thought Child tax credits was only for those who are paying for childcare? In July of this year, Iíll no longer be paying for childcare as both children will be going to school so I entered my details onto the calculator with my circumstances from July onwards. Itís still saying Iíll be entitled to £71.03 per week?
    • Darksparkle
    • By Darksparkle 13th Jan 19, 9:45 AM
    • 5,358 Posts
    • 3,488 Thanks
    Darksparkle
    • #5
    • 13th Jan 19, 9:45 AM
    • #5
    • 13th Jan 19, 9:45 AM
    Child tax credits are for those who have children. How much you then get depends on number of children, income, disabilities etc.

    Childcare is an element of working tax credits.
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