I'm going back to work shortly following maternity leave and going back part time coupled with the cost of nursery for DD means that I'll be left with around 500/600 per month rather than the 1300/1400 I was earning full time before I went on mat leave. Fully prepared to accept that this is just the price to pay for having a child and we'll be broke for the next 2 years (thinking when can get free childcare hours/up my hours at work) but wondered if we would be entitled to any benefits? Anyway I filled in all our details on Turn2Us benefit checker and it came back saying we'd be entitled to working tax credits and child tax credits (planning to claim childcare vouchers through works so guessing that would then negate this)??? We already get child benefit. I was really surprised and think I must have gone somewhere wrong on the form? Can anyone with a similar situation shed any light? For context, my husband earns around 22000. Thank you
I think something has gone wrong ! The cut off for working tax credits is 18k so you are above that. I think the cut off for help with childcare with one child is around 40k joint household earnings so you would get some help with that depending on your joint earnings and cost of childcare. So possibly some child tax credits but not working tax credits.
I volunteer at CAB - your local bureau may be able to help. Let them know that you have tried using a calculator and are still confused (at our office we would suggest this if the person uses the internet). The other thing to check is whether you are in a universal credit full/live service area and would have to apply for that rather than tax credits.
Up to is the key word there. Only people on the lowest incomes will get 70% paid, so lone parents working 16 hours a week on minimum wage. Childcare vouchers can work well especially if both your employers are in the scheme.
If turn2us thinks you're eligible for benefits, then it's most likely correct. Try EntitledTo and calculate it on there as well. The cut off varies I believe, and if you're on a low income then you are eligible to claim childcare.
If you Are eligible for WTC, then you cannot claim these alongside vouchers. Tax credits are much better, as vouchers only cancel out some of the tax on the childcare, whereas TC actually cover a higher percentage.
Do the various calculators online with actual figures of earnings and childcare, you may well be entitled.
Run the turn to us calculation twice, with and without the childcare costs, the difference between the two will be the childcare component of WTC. If this is more than 20% of your childcare bill then you will be better off using tax credits instead of the childcare voucher scheme.
I think you can still get some tax credits for child care with a higher-ish income (around £40K), so wouldn’t seem imposable with the numbers you’ve posted. How many hours are you working? Both parents need to be doing 16 hours to qualify.
Thank you everyone! I will check on EntitledTo and see what that throws up. It is very confusing!! ForeverBubblegum I will be working 30 hrs per week and DH works full time, his employer doesn't offer childcare vouchers...