Child Tax Credit

hulahoop09

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Hiya

Just wondering if anyone has an idea how it works. At the moment we get the £545 family element of CTC & no WTC (would be entitled to approx £200 childcare help if needed it). We earn approx £30.5k between us. Come when I go back to work next June our joint income will be approx £26.5k (or £27.5k) and according to the new changes we will be entitled to ?£37 per year. I am confused as to how the tapering off of 41p works and also how do I get an idea of what childcare help I will get, will it still be around the same amount?


https://www.bbc.co.uk/news/10416333


xx
 

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