Child tax credits vs child benefit....same thing??

Loubpop · Apr 5th, 2012, 08:09 AM

I'm confused are they the same?

gingerwhinger · Apr 5th, 2012, 08:11 AM

No - child benefit used to be the universal benefit everyone with children got. I think it is about 20 a week for the first child then 13 a week for any more children. It is going to be fazed out if you earn 50-60k a year and taken away altogether if you earn over 60k.

Tax credits are worked out on what you earn, I have no idea how much you got compared to what you earn all I know is we get diddly squat! x

gingajewel · Apr 5th, 2012, 08:26 AM

Tax benefit is something anyone who has a child and is earning under 50k a year gets. It is £81.00ish a month.

Child tax credits is based on earnings and childcare and not everyone gets this - you ahve to jointly be earning under £26k to qualify for this.

HTH's Xx

Loubpop · Apr 5th, 2012, 09:24 AM

Thanks for that! We only get child benefit, not entitled to anything else and I was worried that would stop too!!

Cutieboy · Apr 6th, 2012, 08:40 AM

Does anyone know when child benefit is going to stop for those earning over 60k?

summer rain · Apr 6th, 2012, 08:55 AM

Child tax credits depend on how many kids you have, if you have only have 1 child then the cut off is 26k however with every child the allowance goes up by a few thousand xx

Apr 5th, 2012, 08:09 AM	#1
Loubpop Mum (Mom) Active BnB Member Join Date: Mar 2011 Location: UK Posts: 510	Child tax credits vs child benefit....same thing?? I'm confused are they the same?

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Apr 5th, 2012, 08:11 AM	#2
gingerwhinger Mum (Mom) Active BnB Member Join Date: Jan 2010 Posts: 868	No - child benefit used to be the universal benefit everyone with children got. I think it is about 20 a week for the first child then 13 a week for any more children. It is going to be fazed out if you earn 50-60k a year and taken away altogether if you earn over 60k. Tax credits are worked out on what you earn, I have no idea how much you got compared to what you earn all I know is we get diddly squat! x

Status: Offline

Apr 5th, 2012, 08:26 AM	#3
gingajewel Mum (Mom) Chat Happy BnB Member Join Date: Sep 2009 Location: Wolverhampton Posts: 1,449	Tax benefit is something anyone who has a child and is earning under 50k a year gets. It is £81.00ish a month. Child tax credits is based on earnings and childcare and not everyone gets this - you ahve to jointly be earning under £26k to qualify for this. HTH's Xx

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Apr 5th, 2012, 09:24 AM	#4
Loubpop Mum (Mom) Active BnB Member Join Date: Mar 2011 Location: UK Posts: 510	Thanks for that! We only get child benefit, not entitled to anything else and I was worried that would stop too!!

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Apr 6th, 2012, 08:40 AM	#5
Cutieboy Mum (Mom) Active BnB Member Join Date: Oct 2011 Location: UK Posts: 240	Does anyone know when child benefit is going to stop for those earning over 60k?

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Apr 6th, 2012, 08:55 AM	#6
summer rain Mum (Mom) BnB Elite Join Date: May 2010 Location: South East England Posts: 16,314	Child tax credits depend on how many kids you have, if you have only have 1 child then the cut off is 26k however with every child the allowance goes up by a few thousand xx

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