Dh is not working at the moment, and is looking for work. Currently we live in a rented house, therefore as well as income support we get full housing benefit and council tax benefit.
Dh is educated to degree standard and could easily get a job paying around £15-£18k (a reasonable wage where we live). But according to his calculations, if he earned over £10,200 then we would lose so much in benefit that we would actually be worse off than we are now! In fact, unless he earned over £27,000 per year we would be worse off.
This doesn't make sense to us - basically there is no incentive to earn over the minimum wage? Have we got this right? Has anyone else found themselves in this position?
Dont know much about these things but isnt there something could working family tax credit which will boost your income. My sister on her own, working with two kids was getting near a £1000 month. Seemed like a lot to me.
Are only eligible for working tax credit for incomes up to about £14,000/pa. After that, you're on your own. Child tax credit is available, but in our case it wasn't enough to afford childcare in this city.
Tell me about it, nutcracker! Our rent and council tax together total £7,300/pa, over 1/2 my gross income, a figure that will increase to £7,500 (at least, barring rent increase) next year w/the new council tax rise.
but you cant put a figure on
hope, and work life ( whether you love it or hate it its better than saying "richard and judy discussed embolisms today")
a pension<<<you can put a figure on that - have you got one?
marriage - do you really want to be around your dh all the time, same with kids -
i'd rather work counting baked beans than stop at home with my kids all day
career progression - sure he couldstart off at 18k but theres no telling what opportunities will come his way.