I have been offered a job which is a substantially lower income than I currently earn but which would provide a much better work life balance for my family. I've looked on the tax credits calculator and also the benefits advisor and they give such vastly different information that I'm totally confused.
Family income would be @ �28k pa with childcare costs if 500 a month. Tax credits calculator estimates I will get �900 ish a year but benefits advisor says �160 a week
Any rough idea what is the closest estimate? Thanks
The tax credits calculator usually just shows the amounts up to the end of the financial year iirc (so until 1st week of April). That might account for the discrepancy. Bear in mind that the first 2.5k of decreased income will be ignored for the first year, which the calculators may not be taking into account unless they're asking for current income too.