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How much Tax Credit would we get for 25k earnings?

(6 Posts)
dinkyboysmum Mon 18-Aug-08 19:59:46

not really sure how to find out. dh&i are both working at moment and earn approx 55k together. we currently get about £35/week tax credit. i'm thinking about stopping work, so combined income will be £25k...any one any idea how much tax credit we will get on that basis?

Hecate Mon 18-Aug-08 20:01:34

you can check here

pinkspottywellies Mon 18-Aug-08 20:03:12

I don't think you'd get anything above the one child amount which is about £40 per month I think.

expatinscotland Mon 18-Aug-08 20:03:59

not very much. you'll have no childcare expenses to claim against and working tax credit tops out WAY below £25K, at about £15K gross.

pinkspottywellies Mon 18-Aug-08 20:04:09

Sorry per child - we only have 1 dd so get £40/45 per month.

mommy6 Mon 18-Aug-08 20:53:06

Need to know how many children you have and ages.
How many hours your dh works.
Then i'll try and work it out for you.

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