Just trying to get confirmation of this...
From what I can see, it says that if you get 30 hours nursery funding for three year olds, your tax credits will reduce. But it seems that just means they’ll reduce because you are spending less on childcare, so any tax credits you get towards childcare will stop but the rest will continue.
Can anyone confirm? At the moment we aren’t paying anything for childcare so I don’t think our tax credits will reduce? Is that right? There’s nothing properly definitive online because tax credits are such a confusing system.
We mainly get tax credits because both of our twins receive DLA so we get disability premiums on top of a small amount of child tax credit.
But if that’s going to go away I need to figure out whether it’s better to keep it or accept the 30 hours funding.