How much working tax credits do you get? - Page 4

Boony · Mar 31st, 2012, 13:03 PM

Quote:

Originally Posted by ellismum

Quote:

Originally Posted by Boony

If you only have one child you can get child tax credits as long as you earn under 26k.
For 2 children you have to earn under 32k. Hope this makes it seem simpler.

To be honest even if you could bump your hours to 24 you probably still wouldn't get wtc because of the amount you earn.

You'll also get child benefit which is £20 per week

http://www.moneysavingexpert.com/new...ax-credit-cuts

Unless you pay for childcare then the threshold's £41,200 for 1 child. We earn more than the £26k limit but have childcare costs so will still be receiving £10pw going forward! It's dropping from £34pw but a recent payrise, the amount you can earn before paying tax rising, reducing mobile contracts and other tweaks we have more than made up the shortfall.

Ah i didn't check that bit because i don't claim for childcare but i did think the threshold was a bit low for people that needed childcare.

ellismum · Apr 2nd, 2012, 08:05 AM

Quote:

Originally Posted by Boony

Quote:

Originally Posted by ellismum

Quote:

Originally Posted by Boony

If you only have one child you can get child tax credits as long as you earn under 26k.
For 2 children you have to earn under 32k. Hope this makes it seem simpler.

To be honest even if you could bump your hours to 24 you probably still wouldn't get wtc because of the amount you earn.

You'll also get child benefit which is £20 per week

http://www.moneysavingexpert.com/new...ax-credit-cuts

Unless you pay for childcare then the threshold's £41,200 for 1 child. We earn more than the £26k limit but have childcare costs so will still be receiving £10pw going forward! It's dropping from £34pw but a recent payrise, the amount you can earn before paying tax rising, reducing mobile contracts and other tweaks we have more than made up the shortfall.

Ah i didn't check that bit because i don't claim for childcare but i did think the threshold was a bit low for people that needed childcare.

It worried us initially too, cost of livings rocketing up and living in the SE, renting is high. Gotta love the Conners for making things transparent, can't wait to see what happens when univeral credit comes in next year

babycrazy1706 · Apr 2nd, 2012, 09:48 AM

[/QUOTE] It worried us initially too, cost of livings rocketing up and living in the SE, renting is high. Gotta love the Conners for making things transparent, can't wait to see what happens when univeral credit comes in next year

[/QUOTE]

what's universal credit???

Lydiarose · Apr 5th, 2012, 03:52 AM

we get £85 a week WTC and £55 CTC OH works 40 + hours a week on minnimum wage,we dont get housing benefit or any other benefits x

bbyno1 · Apr 5th, 2012, 04:26 AM

My OH is working 16hrs,gets minimum wage and we are only getting 64 a week WTC

ellismum · Apr 5th, 2012, 10:12 AM

It worried us initially too, cost of livings rocketing up and living in the SE, renting is high. Gotta love the Conners for making things transparent, can't wait to see what happens when univeral credit comes in next year

[/QUOTE]

what's universal credit???[/QUOTE]

http://www.bbc.co.uk/news/business-11735673

http://www.dwp.gov.uk/policy/welfare...versal-credit/

cherryglitter · Apr 5th, 2012, 15:13 PM

£452 (4weekly) CTC. OH works for min. wage, 40 odd hours a week.

Lydiarose · Apr 6th, 2012, 04:23 AM

do those getting less than us get housing benefit etc though?

I think it depends on the amount of tax paid last year? i know oh paid more tax last year so its gone up a few pounds a week this april.

x

bbyno1 · Apr 6th, 2012, 04:55 AM

Oh yeah we get 600 a month in housing benefit. Can't really complain!

Apr 2nd, 2012, 09:48 AM	#33
babycrazy1706 Mum (Mom) BnB Addict Join Date: May 2011 Posts: 2,540	[/QUOTE] It worried us initially too, cost of livings rocketing up and living in the SE, renting is high. Gotta love the Conners for making things transparent, can't wait to see what happens when univeral credit comes in next year [/QUOTE] what's universal credit???

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Apr 5th, 2012, 03:52 AM	#34
Lydiarose Mum (Mom) BnB Addict Join Date: Apr 2010 Posts: 4,092	we get £85 a week WTC and £55 CTC OH works 40 + hours a week on minnimum wage,we dont get housing benefit or any other benefits x

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Apr 5th, 2012, 04:26 AM	#35
bbyno1 Mum (Mom) BnB Elite Join Date: Dec 2009 Location: Londonn Posts: 18,652	My OH is working 16hrs,gets minimum wage and we are only getting 64 a week WTC

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Apr 5th, 2012, 10:12 AM	#36
ellismum Mum (Mom) BnB Addict Join Date: Apr 2009 Location: Essex Posts: 4,199	It worried us initially too, cost of livings rocketing up and living in the SE, renting is high. Gotta love the Conners for making things transparent, can't wait to see what happens when univeral credit comes in next year [/QUOTE] what's universal credit???[/QUOTE] http://www.bbc.co.uk/news/business-11735673 http://www.dwp.gov.uk/policy/welfare...versal-credit/

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Apr 5th, 2012, 15:13 PM	#37
cherryglitter Mum (Mom) Active BnB Member Join Date: Apr 2009 Location: Gloucestershire Posts: 13,642	£452 (4weekly) CTC. OH works for min. wage, 40 odd hours a week.

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Apr 6th, 2012, 04:23 AM	#38
Lydiarose Mum (Mom) BnB Addict Join Date: Apr 2010 Posts: 4,092	do those getting less than us get housing benefit etc though? I think it depends on the amount of tax paid last year? i know oh paid more tax last year so its gone up a few pounds a week this april. x

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Apr 6th, 2012, 04:55 AM	#39
bbyno1 Mum (Mom) BnB Elite Join Date: Dec 2009 Location: Londonn Posts: 18,652	Oh yeah we get 600 a month in housing benefit. Can't really complain!

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