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Old Dec 5th, 2010, 15:01 PM   1
lepaskilf
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Income cut off point? for tax credits...


I've trawled the website and can only find out about the type of hours you need to work to gain tax credits but does anyone know whats the max you earn as a couple before you're not entitled anymore?



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Old Dec 5th, 2010, 16:15 PM   2
SarahJane
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I did an exam on this earlier in the year and remember 50k was a cut off point. Things have however changed since the new government so I'd guess it's less now.

Sorry it isn't very helpful but didn't want to R & R x



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Old Dec 6th, 2010, 04:39 AM   3
xxembobxx
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entitlement to working tax credits stops at approx 16,500. after that you are entitled to child tax credits (CTC) on a tapering scale.
Some people can still get CTC while earning over 40,000 although it might only be 10 a week.
You can go onto the entitledto.com website to give you a rough idea based on your income or the HMRC website also gives an estimate.
The govt. are scrapping CTC for those earning over 40,000 although this is to be phased in.



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Old Dec 6th, 2010, 11:51 AM   4
littleblonde
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My OH earns more than 17000 and they just started giving us working tax credits. But not much. Think it depends on if you pay childcare



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Old Dec 6th, 2010, 12:12 PM   5
lepaskilf
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THANKS GIRLS. We will be paying childcare, about 165 a week, so hopefully they'll help with that!!!!

I don't think we could live without tax credits!!!



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