Talk

Advanced search

Mumsnet has not checked the qualifications of anyone posting here. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

wtc, ctc help?

(2 Posts)
whentheshithitsthefan Thu 11-Dec-14 17:26:49

is anyone a font of knowledge about tax credits? i know the info is all available online, but tbh, i need an idiots guide!
dh has had to take a BIG pay cut.
he was on 22,000
he will be on 15,000
i earn 3,000

so, we will go from a family income of 25,000 to a family income of 18,000, which is quite a drop.
with 3 kids, will wtc or ctc go up? any ideas on figures?

thanks. for the help!

Babyroobs Thu 11-Dec-14 18:29:29

I don't think you will get wtc ( unless you have childcare costs)as i think the cut off is around £17k. Your ctc should go up but as they now disregard the first 2.5k in income drop, they will be based on an income of £18k+ £2.5 = £20.5k until the start of the new tax year in April. With 3 kids the Ctc should amount to quite a bit then should go up in April assuming earnings stay the same. You can go to one of the benefit Calculaters online to see what amounts you might get.

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now