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Original poster

im so anxious about threats to cut ctc...

561 replies

em83 · 17/06/2010 22:40

god i feel so depressed about the threatened cut to ctc, i have been following the news religiously about this new emergency budget, and have just read an updat which was posted tonigha 22.10 which states that incomes £30.000 or over will not be entitled to ctc

im so pissed off with this and feel so anxious

OP posts:
ronshar · 23/06/2010 10:33

Sorry bad morning. I should just close my computer and lay in the sun for a while.

allshoppedout · 23/06/2010 10:19

thankyou ronshar fpor the sarkiness i was just checking not bragging!!

ronshar · 23/06/2010 10:17

Yes allshoppedout.
Your family income which is twice that of most people will have to be enough for now.
TC stop at £40.

ronshar · 23/06/2010 10:15

Riven dont enjoy yourself too much. People will only moan about your holiday with tax payers money

What do people think, fair or not???

I think it was perhaps not as bad as we were thinking it was going to be.

slushy06 · 23/06/2010 10:13

The bbc calculator just said my tax credits will increase that can't be right.

allshoppedout · 23/06/2010 10:11

so my dh earns £44k
credits will be reduced then?

glittery · 23/06/2010 09:25

@ Riven!

sarah293 · 23/06/2010 08:46

This reply has been deleted

Message withdrawn

peppapighastakenovermylife · 23/06/2010 07:33

Twoifbysea I don't see anyone whining

I see people who are really struggling having money that they relied on taken from them.

If you have two children in nursery on 30k a year you would take home around £200 a month after childcare - something to worry about I think!

Aeschylus · 23/06/2010 06:25

@ Tinyfishy

No, but remember it is the term after her 3rd birthday.

tinyfishy · 23/06/2010 04:04

ps sorry - new to this site - posted this then realised that I should have started a new thread so have now done both!

tinyfishy · 23/06/2010 03:45

Can anyone help?

My 2 and 3/4 year old daughter attends a nursery 3 days a week. I was under the impression (from other mum friends as well as from nursery bursar) that when my daughter turns 3 the government will pay for 15 hrs/week nursery time, regardless of my income.

Will this scheme be axed under the emergency budget? Thanks.

TwoIfBySea · 23/06/2010 00:22

You know, to someone who earns under £10k per year talk of £30k a year not being enough is hard to understand. Sounds like a fortune to me - I have to pay for everything too, no benefits other than child and if they scrap that and add a little on to wftc then that would be fine.

It isn't good to be dependent on the government to help you out if you are on a good wage.

Sorry but something needs to be done and whining about it doesn't help - not very productive. No one wants to bear the brunt.

wubblybubbly · 23/06/2010 00:14

BBC calculator

Might help, not sure how accurate it is though and it doesn't take into account the VAT rise.

norabarnacle · 22/06/2010 23:30

there's also been an alteration (from 37% to 41% ) to the taper rate - (ie how income affects the tax credits you get). There's no proper explanation but it will mean reductions in paymnets made to anyone earning over the first cut off threshild (just over 6k). I think it will be about 500 a year for me but its really hard to fathom the impact.

glittery · 22/06/2010 21:39

allshoppedout the "think so yes" and the smiley face were about your post on tax credits remaining unchanged not the one after asking if they would be reduced! sorry, cross posted!

legostuckinmyhoover · 22/06/2010 21:38

I'm not sure that they do. I know they do for shares and similar and thereby treat it as notional income, but that's it I think.

Acanthus · 22/06/2010 21:26

Not joking

I think they attribute an income from savings and reduce your entitlement that way but I'm not sure

FanjolinaJolie · 22/06/2010 19:41

No real changes for us I think, we don't get very much CTC now anyway as just over the threshold that will go to zero. CB will continue but no increases for three years.

Not planning any more babies either.

lou1423 · 22/06/2010 19:38

londonone - have you ever considered how hideously self-righteous you sound? Just wondering

FanjolinaJolie · 22/06/2010 19:36

dontgetmad it's gross not net

thislittlesisterlola · 22/06/2010 17:56

thanks glittery

legostuckinmyhoover · 22/06/2010 17:46

Acanthus, am I right saying that your reciept of CTC is not dependent on how much capital you have, or savings either?

It's just that there have been a few posts on here about single parents and CTC, yet nothing about single parents or couples where their savings may actually total the same as what a single person may get in maintenance per year. But noone seems to slam them or the system for that?
I guess you do know about maintenance payments of £2k per month, but on the whole I would think this is very rare-I actually thought you were joking about £2k per month.

bronze · 22/06/2010 17:41

stretch that was a bit harsh- Barmy said they didn't claim it because they didn't need it. Why bash them?

jellybeans · 22/06/2010 17:32

'2.37 From April 2011, the second income threshold for the family element of
the Child Tax Credit will reduce from £50,000 to £40,000 and from April
2012, the family element of the Child Tax Credit will be withdrawn
immediately after the child element. (37) (39)'

From the budget report. I am still looking for further info on the thresholds but I think it is around 25K for 1 child.