to be pissed off that DH has had a bonus cos tax credits will take loads of money off us

[FuckingTaxCredits]

have nc doubt the dm readers will be out in force for this one

dh has had an annual bonus of 2700

which should be awesome news but I nearly cried when dh told me

as this happened a few years ago as well, and i know that when I do our tax credits renewal they will end up royally screwing me up the ass and taking loads off us. even though dh will prob come out with 2k, max, of his bonus, if he is lucky, but tax credits will take the whole amount off us

so it will hit ME in MY pocket cos dh is doing well at work

bonuses should be just that, a FUCKING BONUS

so pissed off

agree ^^ wonder what the recepients of child benefit are called then....?

bet that poster either gets or used to get child benefit too!!

as others have said, stick it in a pension

I don't even get child benefit sob..... Just a net giver. I hope people appreciate it.

Oh don't worry I'm sure child benefit will be next to be lashed by the masses who can't see they're being fucked from behind while their attention is on the scroungers.

jilly, surely you used to get it?

Jilly

I don't get CB anymore either. Don't think we'll get the NHS for much longer either. Just my opinion, but I'm sure it will be next in line.

Gamerchick, yes probably. The value of the cb being a universal benefit is lost which may lead to it becoming considered a "benefit" in the derisory sense. Or they will do away with it altogether and include it in universal credit only for those that means test to need it. Might be better than the badly implemented and illogical scheme they have in place now of course. Which i think i read doesn't even save money due to the costs of administering it. Why not just give parents a different tax code and take less in the first place? Have a minimum living wage so that only those actually out of work need "benefits" at all. Subsidise childcare so that people can afford to work...

Exactly, if the UK is so keen on staying in the EU and doing everything Europe does, we could at least emulate their tax system.

OP yanbu. I understand where you are coming from.

DH has just received a promotion and is earning £50 above the threshold for which you are eligible for child benefit. I am peeved as I'm using that pot of money for LO for specific things, and we would as a family be better off without the promotion.

Hungry just put the £50 in a pension or give it to charity

Could you please provide a link to something stating that tax credits are a welfare benefit because it isn't listed usually under the other welfare benefits.

What a ridiculous thing to say morethan. What is it that makes you think tax credits aren't a benefit? Do you think that claiming tax credits makes you better than someone who has claimed other benefits or something? It's all just money given out by the government.

And what sort of a link is it that you're looking for? Does this list show you that tax credits are welfare benefits like any other?

is the tax credits limit the same as child benefit limits then, if they are both a benefit?

as an aside, the thought of calling child benefit a benefit makes me snigger, I can't wait to tell a colleague, who would make the daily mail proud, that she also is a benefit claimant as she still receives child benefit

Just went to money saving expert, am assuming this must be out of date as it says the maximum income for tax credits if you have four kids is £72k! maybe there are families out there that don't get child benefit but do still get some tax credits!

I don't think that can be right bed. We claimed tax credits about 7 years ago when the dc were very young and we were earning about 40k. We got £10 a week then. We stopped the claim as HMRC kept cocking it up and we couldn't be bothered with the hassle.

Do you have 4 kids, George? That did include the childcare element, so would have been based on spending £300 a week on childcare.

May well be out of date though, I was pretty shocked

there is no legislative cut off for tax credits. If you have eight children and earn 72K you will be entitled to approximately one hundred pounds per week in CTC.

I know this as I inputted stats correlating with these stats in to the hmrc tax credits calculator.

lots of families benefit from tax credits.

Might be right, actually, just looked on gov.uk website and the tables only go up to three kids but show some tax credits still being received at £65k with three kids! Hmmm. wonders how much I would get if I duffed myself up and kicked dh out ridiculous.

I earn £36K and have three children. I am entitled to £240 per month in CTC.
I would wager that more families are supported by the government than would care to admit this on MN.....

Lemonade wow. When they talked about tax credits being given to higher earners I thought it just meant higher than for example housing benefit!

So,there were comments earlier about people on tax credits shouldn't be able to afford a holiday. What if they have four kids and an income of £70k?! I expect they could probably eke out a week in Cornwall.

The cut off for tax credits for four kids and no childcare costs is around £45k, obviously higher with childcare. People on low incomes with a lot of kids can literally be getting hunderds of pounds a month in tax credits. I have seen threads online where families with one parent on a low income and one sahp and a few kids are getting £700+ every 4 weeks in tax credits. The more kids you have the more money you get and then child benefit on top.

I didnt realise tax credits paid out so much, wow!!

I have 5 and never got tax credits as earned too much.
There seem to be low thresholds on here www.gov.uk/government/publications/tax-and-tax-credit-rates-and-thresholds-for-2015-16/tax-and-tax-credit-rates-and-thresholds-for-2015-16#working-and-child-credit-tax-rates-and-thresholds

I don't blame anyone claiming what benefits the state gives them. The faults are only ever with the system itself.

The history is quite interesting. Decades ago there was a child tax allowance as someone was suggesting above. Mostly it went to men so even if they gave their non working wives no money they could keep it and often wife and children went hungry. So child benefit came in and was money paid for the first time to mothers - so children did not go hungry. It even went to well off families who had always had the tax allowance because children are expensive. However as a tax allowance it did not go directly to many women so child benefit was universal even if your husband earned £100k but never gave you a penny you still got your child benefit direct.

Now it's based on family income and plenty of women work and some of us earn many multiples of the husband's salary so this is all historic.

Well they only pay out lot if you have lots of kids, or if you have a child with a disability, that also boosts the a lot. the threshold for one child with no childcare costs is £26k- if you jointly earn more than that you'd get nothing yet it's certainly not a huge household income !

So I guess they aren't just for the low paid. Doubt many 70k income households would even have thought to check though, as they wouldn't expect anything.