Advanced search

Just wondering how much tax credits you get if you are earning around �25k??

(6 Posts)
positively9something Tue 18-Feb-14 22:04:51

I am considering working full time and I have been offered �25,000 per year, I was just wondering as a single parent how much tax credits I am likely to recieve? I will be paying around �50 per week for childcare during the school weeks.

Any idea how much I could recieve?

I have looked on the tax creidts calculator but it asks what my earnings were for the tax year of 2012-2013, but my earnings in future which will be much more so I can't see how that is going to calculate it.

Anonymai Tue 18-Feb-14 22:20:44

It depends on how many children you have. Google tax credits entitlement tables and it explains it clearly on those.

morethanpotatoprints Tue 18-Feb-14 22:25:26

If you put the figure you will be earning 25k as last years income, you have your answer.

positively9something Tue 18-Feb-14 22:56:57

Great thank you both grin

gillybean2 Wed 19-Feb-14 15:43:20

HopeS01 Mon 24-Feb-14 07:34:58

I think the tax credits are calculated on the previous year... So this year's credits are based on last tax year's earnings. I think confused...

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