How much help will we get?

Discussion in 'Work & Finance' started by Mrs-C, Jan 23, 2011.

  1. Mrs-C

    Mrs-C Mummy to 1 DD & 2 dogs

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    I know the baby element is stopping in April and the WTC is dropping to 70% for child care help.

    I currently earn £18,000 a year and DH earns around £16,500. Child care will cost us £50 a day (ridiculous!) when I go back to work. We can't afford that much a month when our mortgage alone is nearly £900 a month.

    Will we qualify for help or do I really need to come up with a plan b?
     
  2. firstprincess

    firstprincess Well-Known Member

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    You will still qualify as neither of u earn over 30,000.... but they won cover all of the childcare so its working out whether its worthwhile. x
     
  3. angel777

    angel777 1 angel, pregnant

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    what does everyone mean when they say the baby element is stopping?? in confused!! x
     
  4. hotpinkangel

    hotpinkangel Well-Known Member

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    I don't think you'll get any help Hun, we get 28,000 a year and get no help at all towards childcare, which is why I don't work as we would be worse off. X
     
  5. xoxsarahxox

    xoxsarahxox Well-Known Member

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    im sure its when you have a baby under one you get a higher payment in tax credits. i could be wrong though lol
     
  6. littleblonde

    littleblonde kacey and sophie

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    the baby element is an extra 545 pounds a year that you get till your child is 1. Thats stoppin come april. When we had a join income of 26000 we got 80 a mth tax credits but that included the baby element. You may get a little help. But tax credits and workin tax are changin in april but i have found nothin to say how much. Normally sites like entitled2.com are helpful. However they wont be accurate now as they wont show aprils changes x
     
  7. hulahoop09

    hulahoop09 Mum to lg and pg #2

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  8. Mrs-C

    Mrs-C Mummy to 1 DD & 2 dogs

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    It's mad how are you supposed to afford £50 a day for child care when once the tax man has had a go at my salary, I get about £55 a day!

    I think I'll have to worry about it nearer the time. Doesn't sound like I can afford to go back to work BUT if I don't go back, we can't pay our basic bills like mortgage, council tax and food! :wacko:
     
  9. ClaireLouise

    ClaireLouise Well-Known Member

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    I feel for you hunni!

    Me and my partner are on very similar wages to you and your partner but im very lucky in the fact that i dont have to pay for childcare (the mother in law and a good neighbour look after him) so i only end up paying out about £100 a month (not registered childminders though).

    I currently receive about £81 CTC per month and £10 (ish) a week CB.

    Do your employers not offer childcare vouchers hun? So then at least you're not having to pay tax onto the amount you pay?
     
  10. Mrs-C

    Mrs-C Mummy to 1 DD & 2 dogs

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    I wish we could leave LO with MIL but she's not well enough and it looks like they'll have moved miles away by the time I go back to work.

    They do offer the childcare vouchers. I'll have to look into that some more, thanks!
     
  11. Dream.A.Dream

    Dream.A.Dream Mum to 6yo and WTT #2!

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    I'm in a similar position. I had to resign from my job because once I paid for nursery and travel I'd have been working 9-5.30 for £5. My OH earns around 20k and myself would have been earning around 7.5k and that was too much to qualify for any help with childcare x
     
  12. Mummy2B21

    Mummy2B21 Mum of Two

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    You would be better off staying at home hun, if your not working and your husband only earns £16.500pa then you might be entitled to some help as there wouldnt be much posint for you to go to work if your only going to have £100 a month after childcare costs.
     

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