So I currently work 24hours per week, my salary is 25k pro rata is 15k. I take home 1200 per month and I get 400 per month tax credits, therefore I have 1600 per month for 24 hours work.
My boss offered me 30k for a full time job, this means I would loose 4,800 per year in tax credits and have to pay 3000 per year for childcare, so after all of that I would have 1,780 per month.
How is that fair?
If I work 64 hours more per month, I will have 180 extra, that means for those extra hours I will get paid 2.81 per hour :(
I have friends that are single parents that work 2 days per week in Sainsburys etc and have full council tax and housing benefit and have lots of tax credits.
Why penalise single parents that are able to make a better income than others and are willing to work full time?
Obviously it seems it may be better for me to only work school hours so I don't have to pay for childcare, because when you add up the time lost with your dc for 180 per month it doesn't seem a great trade does it?
This system frustrate me completely :(
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Tax credits how is this fair?
16 replies
positively9something · 31/07/2014 23:40
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