My partner is low paid and I'm at home with our baby son. We're really struggling.
We get tax credits every week, not a large amount as we had an "overpayment" last year and they are clawing some of it back, but what we get really helps.
If I was to find a part time job would it just reduce our tax credits even further? I mean even if I didn't tell them about the job they would find out when they do our end of year renewal next year wouldn't they? And then claw more back from us next year? How does this work?
Also if this affected our tax credits would I still get any help with childcare costs? Because in order to work at all I would need to put my son in childcare.
2007-11-06 19:34:51 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
You will be a lot better off working. If you and your partner both work more than 16 hours per week you can claim 80% childcare costs. There are also different thresholds eg if your household income is less than 15,500 ish, you get around £7000 per year or maybe more. If you earn over £17000 per year, it's reduced. We earn about £30000 per year and spend £150 childcare per week. We currently claim £580 per month. Hope this helps and good luck.
2007-11-06 19:43:09 · answer #1 · answered by JENNIFER B 2 · 0⤊ 0⤋
2
2016-07-22 15:01:37 · answer #2 · answered by Lottie 3 · 0⤊ 0⤋
they're getting stopped for earning over £40 000 p/a, from what i'm able to make of it, with the toddler ingredient going up with the aid of £a hundred and fifty consistent with 12 months. ordinary adequate, I reckon - i understand for a fact if my better half and youngsters earnings replaced into £40000 p/a i could have fully no choose for of tax credit! The gadget definately necessary a shake up if the Wayne and Coleen Rooney's of this international recieve it! What the blazes does he choose for of it? comparable with toddler income, regardless of in the event that they did no longer do the best difficulty with that one - freezing it for 3 years. they'd desire to have decrease that for £40000 p/a upwards as properly!
2016-10-15 08:13:38 · answer #3 · answered by ? 4 · 0⤊ 0⤋
With the stupid system they've got in this place you're both way better off staying at home and not working. Stupid isn't it?Me and my missus were told that we would actually be £700 a week better off staying at home and not working, plus we'd get a free nursery place!Roll on emigrating, this country is mental!
2007-11-06 22:20:07 · answer #4 · answered by princekeyuk 4 · 0⤊ 0⤋
Jennifer B has explained it spot on, it is such a controversial subject, as you hear some getting everything and they do not work at all, neither parent.
I would go to work and claim the tax credits , you will be okay.
2007-11-06 20:13:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
you can visit the inland revenue site and get an 'idea' of how much you would be entitled to
2007-11-06 19:48:56 · answer #6 · answered by dances 7 · 0⤊ 0⤋