I have a tax credit question

[Namechanger1776]

DP has been made redundant he didn’t get a very good payout as company went into administration.

Last year he earned good money £50k I earn £15k.

We our mortgaged up to the eyeballs. We don’t qualify for any benefits but would we qualify for tax credits now based on our circumstances, which is basically a household income of £15k?

Help!

Put your details into the entititled to website, that will give you an idea.

Are you sure you don’t qualify for benefits now? I’d have thought you’d qualify on an income of £15k. Although it may be universal credit rather than tax credits.

Do you have children ? If you live in a full service Universal credit area then you would have to claim that instead.

You might be entitled to tax credits, but they’d take into consideration anything your DH earned from April this year until redundancy.

I already get DLA for my dd. I’m getting differing advice because of his salary last year.

He got made redundant in April then left in June and has been contracting since but has been told the job may be up sooner than we thought.

They do require last years salary, it 8. Sure they also ask what this years estimated salary will be.

If your DD gets mid or high rate care DLA, your DH can apply for Carers allowance (£62ish a week) if he is likely to be out of work for a while.

I’m sure, not it 8 sure.

Firstly your partner can claim some redundancy money from the government if he hasn’t already done so:
www.gov.uk/claim-redundancy

Secondly if he’s paid enough NI contributions, he can claim contributory JSA

Thirdly you will definitely be eligible for tax credits but you need to estimate your income for this tax year and give them the estimate. If it’s more than £2500 less than last year they will (re)calculate based on this year’s income. (Well it’s a bit more complicated but that’s the simplified version.)

Use an online benefits calculator or visit/contact Citizens Advice to confirm exactly what you should be entitled to.

Then do a budget. Remortgage or negotiate with your mortgage provider to reduce repayments for a while. Check out the moneysavingexpert website, it’s full of great tips.