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

they will if they pay childcare bedraggled

Obviously the closer your income is to the threshold, the less help you get, so someone on £70k would get very little help even with high childcare costs i imagine.

I have 4 kids, earn 32 k and get around 500 a month in tax credits. I do think it seems quite a lot tbh.

Having done a CTC online calculation, I am staggered to find that, on a combined income of just 24K, we are entitled to a measly sum of £29.56 for the whole year!!

How come you guys on so much more money are getting so much? We only have one child...perhaps it's that, but wow!

i THINK THE DIFFERENCE HERE IS IF YOU Pay for childcare (oops sorry for caps on)

The real people at fault here are employers who don't pay people enough, and don't pay enough corporation tax. Meaning the state has to subsidise individual employees, but it is the companies who benefit the most. They are not paying adequately for all the infrastructure the state forks out for so that they can operate and actually have employees to employ.

jackshit that will be from now till next month, check when it says you are entitled from and until

Jackshit do you pay for childcare? The top figures are if you spend £300 a week on childcare ( which could be difficult with one child depending where you are!)

did you do the online calculator today jackshit?

if you did then thats a months amount not a year

Too late, yes that could be your allocation for the remainder of this financial year jack.

TimeTo- So with child benefit added in that is nearly £750 in benefits every 4 weeks . I'm amazed the country can afford to pay this. Given the number of families I know with 4+ kids in jobs which I imagine are very average paid, the costs must be huge , but then again when the government publish benefit figures/ costs to the country they never seem to include tax credits whch must amount to a huge portion of expenditure.

I haven't received any CTC at all for well over a year. Might have to give them a call.

Jackshit, definitely.

Those figures for tax credits seem very high. When we claimed, we had 2 dc and £500 a month nursery costs. As I said before, we got £10 a week tax credits on a joint income of c40k. Not sure how people earning 60k + can get it, particularly when we can't get CB now either. How strange!

Babyroobs, yes I thats about right, seems a lot doesn't it. But I've checked, a few times and yes that's what they say I'm entitled too.

It is interesting. Recently worked out that if one partner of earning 40K and the other partner is SAHM or a student, you don't get any tax credit.

However, if both couples are working at a salary of 30K each they will get tax credits.

It is a strange system.

in light of the elucidation provided herein this thread re the exponential rise in TC in direct correlation with family size, it leads me to ponder the increasing popularity of the one child family model, supposedly as people can't afford any more .

really? educate yourselves regarding your entitlement. you can pop them out ad infinitum, earn a decent wage to boot and solve the myriad problems caused by an ageing populace and falling birthrate.

stick that in yer pipe DM

SoonToBeSix, how do you do that? What I mean is how do you prove you are giving it to charity? DH gives a lot more than that annually.

Hungry dam if you give to charity directly, or pay into a workplace pension that takes it off your gross salary (ie before tax), your taxable income on your p60 will fall below the threshold and you can retain your child benefit.

You put it on your tax return Hungry. Dh gives a fair bit to charity too and we never used to claim the tax back as dh is PAYE, but since he has been over the threshold for CB he has to fill out a tax return and now he includes it in that. They don't ask for proof either, although I suppose they might if you were picked by HMRC for a spot check, so keep all receiprs, check stubs, etc.

Hungry Dam - on a household income of £40k with a sahp you would still get tax credits if you had a lot of kids.

should say receipts and cheque!

I don't understand how you can still be entitled to get TC on such a high income but no CB. Seems very bizarre. I assumed all payments stopped at around 45k regardless of how many dc you have.

ihategeorgeosborne, I know you'll hate me for saying this, but you seem absolutely obsessed with the fact you dont get child benefit any more, I've seen you mention it time and time again on mumsnet...

Yes I know ssd. The unfairness surrounding the joint higher income families still getting it has really got to me. I do bang on about it I know. I see this as a place where I can vent my feelings and it makes me feel better. My husband is sick of hearing about it If I let it drop, they've won as far as I'm concerned. I fight for what I believe is right. That policy wasn't as far as I'm concerned.