Lower tax credits - From today!

[Noodles]

I got a letter saying that in March I would be receiving odd payments but the amount that I received was not being changed. However, I am now receiving £100 a month less than I did in March. My payments were already reduced by £100 after my son turned one in December.

So despite getting tax credits to help with childcare costs and my childcare costs not altering I'm now over £200 a month worse off then what I was when I went back to work in September.

 

[bump_wanted]

O a dont even want to think about this! £200 a month would end us... How are you managing? Its awful xx

 

[Charlotte-j]

I'm £200 pm worse off too :'(

 

[suzib76]

whats changed? i havent had a letter from them and am a bit worried as my payment is at the end of the month, would hate to go through the month thinking i had x coming if its not gonna

 

[RiverSong]

I heard about this. The government wants people working, but is making it hard for us to do so. Im going to struggle and although i want to work, we may be better off if i dont due to childcare costs.

 

[kawaiigirl]

That is so unfair. Punishing people for working x

 

[caz81]

My payments have not changed at all but I have not had any odd extra payments either!

 

[Carrie76]

I had an odd payment of £50 about a month ago and now my payments have gone from £66 per week to £32 per week. Now I'm having to fork out alot more for nursery fees and really out of pocket. I was never warned they would go down

 

[AP]

Is this due to income noodles? Xx

 

[sjminimac]

there's no point in calling them either, systems are down till wednesday x

 

[pinkie77]

They're dropping the amount they pay towards childcare costs as well as the baby element (which obv doesn't apply to OP). I think it's going from 80% to 70% or something like that?

 

[Mumtobe20]

Thats terrible, how do you manage? You have me worried now im due money on tuesday, wonder if I will get the full amount, I hope I do. Is it just cause your back at work or is it happening to everyone? When I got my tax credits sorted out they said they would be reviewing them in april I hope that doesnt mean their going to give me less I can barely manage on what I get nevermind getting less? I know they give you less tax credits when your lo turns 1 but I didnt think it would be much. Hope you get it sorted x

 

[bathbabe]

Thats terrible, how do you manage? You have me worried now im due money on tuesday, wonder if I will get the full amount, I hope I do. Is it just cause your back at work or is it happening to everyone? When I got my tax credits sorted out they said they would be reviewing them in april I hope that doesnt mean their going to give me less I can barely manage on what I get nevermind getting less? I know they give you less tax credits when your lo turns 1 but I didnt think it would be much. Hope you get it sorted x

They will be reviewed every year, everybodies is x

 

[kerrie24]

Im expecting mine to change,you just cant seem to rely on them,I have a new house hanging in the balance.I know the baby element doesnt exist anymore but if they have taken any more than that I am gonna have to let my perfect house go

 

[lynnikins]

im not looking foward to the drop now that EJ has turned one tbh lol im gonna just hope and cross my fingers,

 

[ouchwithNo.2]

fook me.
well, just called them (closed for personalised info, but can question them).
it is all budget based from last year.
she said ;
current threshold is JOINT income of 50k - soon to be LOWERED to 40k JOINT.
so, if you earn over 40k between you = more than likely NO tax credit element (I will be telling OH to not take a rise!)
as of april 6th they will only cover 70% of childcare cost, rather than 80% and they are scrapping the baby element which is up to 12mths, £540 ish a year.
so, the governement wants us to work? (exactly what I said to the woman - we both work but that seems a little unfair - £40k doesn't go far in Surrey!!)
she said if you call after Wednesday they can give detailed info on your own situation.

 

[RayOfLight]

I am confused by tax credits. I get £23 a week (I think) based on the earnings of 2009/2010 which was under the 50k threshold.

For the tax year 2010/2011 we will go over that 40k threshold so will they know this automatically or do I need to tell them?

Can someone explain the 70% 80% childcare cost thing to me? I don't understand. The govt pays 70/80% childcare cost? How come?

 

[sjminimac]

does anyone know how much you'd get for a sole income of 31.5k with no childcare costs? Or does it not work like that? I'm confused. Is it a sliding scale so there would be less if joint income was say 39k as opposed to sole of 32k?

 

[apaton]

sjminimac i get £10 a week on my ohs sole income of round about 32000, now in working we get nothing with no chilcare help , i earn around 300 a month

 

[Aphrodite]

Im confused too as we were told ours were being reduced to £25 a week but they are still the same, £40 today? maybe its at the end of the month?