Lone parent to 5 and 7 year old
I have just started 20 hours week job take home £130 week. I don't earn enough to pay tax.
Tax Credits today told me I am entitled to £423 month in working tax and child tax credit. I will also receive £132 month in Child Benefit.
My total income therefore from wages and benefits and their father's contribution is £1095
My rent is £525
I don't know yet how much housing benefit I would be entitled to, or how much childcare help I'd get on the government childcare voucher scheme. I have some savings, and they calculate the interest for every £300 pounds of those savings as income.
Does that total income sound about right?
Obviously I can't afford to live on that unless I have housing benefit help.
It also means I'm very clearly worse off going back to work than staying on benefits.
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Does this figure sound right? Wages+working tax&child credits.
17 replies
NexusSix · 29/01/2015 17:34
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