We currently receive £34 per week Working Tax Credit (we live in the UK). Thats just that basic "working couple on low income" rate, as far as I understand.
According to the good lady at the Citizens Advice Bureau, when our baby is born in December and we become "parents of a dependent child" this will go up quite a lot - we will apparently get child tax credit "alongside" Working Tax Credit and the amount of Child Tax Credit will be a lot more than £34.00. Plus it will be possible to claim for childcare expenses (we are low earners).
After being let down so many times by the benefits system when we have been "in need", this just seems too good to be true. Does anyone know what sort of tax credits a low earning couple with one baby can expect to get? I just can't beleive what the lady at Citizens Advice told me!!! Surely they aren't that generous!
2006-10-10 10:39:51 · 11 answers · asked by Anonymous in Pregnancy & Parenting ➔ Parenting
You will get a family element paid to any family with at least one child and worth up to £545. You will also get a child element paid for each child in the family and worth up to £1,765. You may also be entitled to up to 75% of help with childcare costs.
2006-10-10 10:48:27 · answer #1 · answered by nikkio27 2 · 0⤊ 0⤋
The Child Tax Credit system run by the Department of Work and Pensions is pretty fantastic. Childcare costs do get paid for too, up to 75% of the cost, and that goes directly to the carer. (The carer cannot be a family member and must be an approved childminder). Make sure you keep them updated to any changes to your income because if your income were to fluctuate - like if you cut your hours - you let them know and your Working Tax Credits will go up to compensate. It's an excellent system that means we can spend time with the children without having to worry.
2006-10-10 17:51:21 · answer #2 · answered by Bapboy 4 · 0⤊ 0⤋
Child Tax credit is great and we've had no problems with it so far. At a guess you'll probably get about £40 a week extra.
P.S SuzeOrman is American and i don't expect they do tax credits.
This is a great Honest English site: MartinsMoneyTips@moneysavingexpert.com
(It's the Guy who does the Radio 2 Money feature every week and does alot of TV appearances)
Also you will Get Child Benefit which will be roughly about £50 a month.
Also you will probably be entitled to a one off payment to help buy baby stuff before its born, i think we got about £300 so look into that too.
2006-10-10 17:43:23 · answer #3 · answered by Steven S 3 · 0⤊ 0⤋
you should get about £40 a week for ur baby (child tax credit) and £17 child benifit each wk. if your income is low u might be able to claim the sure start maternity grant which is a one off payment of £500 to help with baby things, you can claim it from your 29th week till 11 weeks after youve had the baby. contact your local job centre/benifits office thats where u get the form
2006-10-13 13:21:25 · answer #4 · answered by claire 3 · 0⤊ 0⤋
you should receive about £50 pound a week child tax credit on top of your working tax.you will also get child benefit which is £69 a month.there is also a grant it's called sure start maternity grant.you qualify for this if you or your partner are on income support or disability allowance i think.
it's not too good to be true it is it true!!!!
hope this helps,good luck on the birth of your child.
2006-10-12 18:41:50 · answer #5 · answered by lisa w 2 · 0⤊ 0⤋
i was claming woking and child tax i was getting £78 a week but when i started to recive childcare cost it went up to £179, so i would guess it would be a bout the same? or there abouts as this was 2yrs ago, (im now earning to much to recive anything of them now even tho im still earning crap money!!)
hope this as helped.
2006-10-11 05:23:30 · answer #6 · answered by mummyzgall 3 · 0⤊ 0⤋
go to the tax credits website on www.inlandrevenue.gov.uk and you will be able to estimate how much you could receive, i have had no problems at all with tax credits and it allows me to work part time but still get more or less a full time wage
2006-10-11 08:03:28 · answer #7 · answered by Sarah A 2 · 0⤊ 0⤋
I cant tell you how much you will get but it will be more than you get now.
This is a different benefit system, run by Inland Revenue rather than (what was) DSS and in my experience much better AND much more generous.
If youre entitled it, take it!
2006-10-10 17:44:49 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Go to the site below and enter your details. They are pretty accurate.
2006-10-10 17:48:03 · answer #9 · answered by tringyokel 6 · 0⤊ 0⤋
Go for it cos you're entitled to it ..
Good luck
2006-10-10 17:46:34 · answer #10 · answered by Red 3 · 0⤊ 0⤋