Active discussions

Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Talk
AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

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

368 replies

FuckingTaxCredits · 23/03/2015 18:06

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

OP posts:
Littlemonstersrule · 23/03/2015 19:41

Gamer chick, gov.uk says tax credits are non taxable state benefits.

morethanpotatoprints · 23/03/2015 19:42

God knows how my mum ever coped before 2003 when there were no tax credits?!

Wasn't it called Family credit? I think our first payment was 1995 or thereabouts. Grin

Pyjamasandwine · 23/03/2015 19:51

fango carers allowances should amd could be increased a hell of a lot if people like the ops dh acted responsibly.

The op should be sorting him out not complaining about the tax credit system.

Personally I think prople like you, carers, should be first in the queue for support.

nequidnimis · 23/03/2015 19:53

I thought OP said her DH had offered to pay for more household stuff to make up for the lower tax credits?

Notrevealingmyidentity · 23/03/2015 19:55

He did. I'm sure I read that too.

Giveme2minutes · 23/03/2015 19:57

Morethanpotatoprints.... My comment was purely pointing out that people nowadays think that just because they earn around £20k they are 'owed' tax credits to top up their income and some people use this money to buy flat screen tv's, holidays, etc. My mum is in her mid 80's and never received any family credit however we never went without anything because if we were struggling my dad either worked overtime or we just didn't spend as much. Something that people just don't do anymore.

iamusuallybeingunreasonable · 23/03/2015 20:01

Whichever way you look at it it's money you didn't earn

The bonus is money you did earn so therefore will be taxed

You need to tell him to put it in an account, divide it by 12 and use it to top up your low income

If you are losing out because of it, it must be taking you into another income bracket

Which in essence means you want to spend the bonus and also have the tax credits

That's called having your cake and eating it

ThatIsNachoCheese · 23/03/2015 20:02

This is bollocks? There is an income disregard and you don't need to tell them your income for the year until renewal? Drama for no reason.

Pyjamasandwine · 23/03/2015 20:04

Big of him!

irretating · 23/03/2015 20:09

The income disregard is for over-payments. I think the OP is concerned that this increase in pay will reduce in a reduced amount in next years award notice, and that's probably true.

To me, the problem seems to be that OP and her DH aren't living within their means. If they didn't have debt that they are using this bonus to pay off (and that is a sensible thing to do) then they could have absorbed the reduction in tax credits by going with iamusually's suggestion.

I think they need to have a good hard look at their finances, possibly rejig the way they do things - maybe a joint account for bills in which they contribute a proportionate amount, definitely go on a money management course.

gamerchick · 23/03/2015 20:11

I know Littlemonstersrule that's not what I was getting at Wink ty though Smile

And we have flat screen telly's Grin ( is there another kind these days)? It's like a tick list.

ThatIsNachoCheese · 23/03/2015 20:15

it's income therefore it will be disregarded. Still can't see the problem...

Momagain1 · 23/03/2015 20:21

*oh and the money will be paying off a credit card debt and paying off our holiday

as the tax credits go into my account I am the one who will have less in the bank

although dh says he will pay for more stuff to make up the balance*

Nope. If the bonus eats up the tax credits, it needs to go into your account to replace the tax credits. If dh want to pay for more stuff, he should put money toward the credit card debt. Or replace the tax credit money by transferring cash into your account from his to 'make up the balance'.

He is doing magical accounting with what he sees as extra money, but which really isnt 'extra' .

I hope you can get this through his thick head.

Sonnet · 23/03/2015 20:23

If you worked more hours morethanpotatoprints you wouldn't need tax credits or family credit Grin

iwishicouldsing · 23/03/2015 20:25

Quite a few pps are shouting about how they aren't eligible and can't afford holidays. You do realise that if you are not eligible it means you have more money than the OP's family. If you were eligible you'd have less money (probably a lot less) than you currently have. If you cannot afford a holiday and she can it is because you are spending more elsewhere (housing, social life, car, food, clothes etc). It is not because she has lots of money and you have less so all this 'bully for you. I can't afford a holiday because I'm paying for yours' is misguided.

Pyjamasandwine · 23/03/2015 20:36

Hilarious iwish quite hilarious.

We have 4 kids. Out older 2 through uni. No help there of course. It's not the tuition fees it's the maintenance allowance. My sil works part time and gets tax credits. She could work more but would loose benefits.

We both work full time. No help. Don't expect it.

Her 2 kids had far higher allowances through uni so didn't need to work while ours did.

They had a holiday last year as usual while we last had one in 2012.

You get a bit fed up really.

The op has a bonus, holiday and enough to pay off debt. Not a case to moms is it?

iamusuallybeingunreasonable · 23/03/2015 20:38

Yes I wish, it's costing me a fortune to go to work, pay train fares, childcare etc - not social life

littlebillie · 23/03/2015 20:41

You could have both get the employer to pay it into his pension and you keep the tax credits. Plus in his pension it is the gross payment everyone is happy.

HesBeenAVeryNaughtyBoy · 23/03/2015 20:44

ffs the clue is in the name working tax credit you are credited back some of your tax as you have low income and of course everyone who receives tax credits spends it on flat screen tv's and holidays! Hmm
Honestly Jesus wept some of the crap on this thread.

Op it is very frustrating when you work hard for peanuts and finally catch a break for it to be taken away however you know that there can't really be another way and keep it fair. Unless we get those at the top to pay what they owe!

iwishicouldsing · 23/03/2015 20:46

From what I have picked up on here the way they work out the uni grants or whatever they are seems very unfair.

But also from what I've picked up on mn the tax credits are worked out on household income so if you are not eligible and your SIL's family are then they must have less money than you (not counting the uni grants which are a separate issue to tax credits and nothing to do with the OP).

If our income dropped we could get tax credits but that would mean we would have a lot less money so why would that be better? I don't get why so many people seem to think people with less money than them are in an enviable financial position.

GraysAnalogy · 23/03/2015 20:46

It's reduced because you're more able to pay for things by yourself without assistance. That's a good thing.

If your DP isn't sharing it between the household then thats another problem completely.

Giveme2minutes · 23/03/2015 20:49

iwish Correct, the people that aren't eligible to get tax credits probably do have more money than op but thats probably because they work more hours? Or get a higher paid job? My husband and I are both self employed and because we have had a better year this year than last we have SAVED UP to have a holiday this year. We desperately wanted to take our kids abroad last year but decided not to stick it on a credit card. Or the one before that come to think of it.

Pyjamasandwine · 23/03/2015 20:50

Moan not moms
Anyway point made bowing out.

morethanpotatoprints · 23/03/2015 20:53

Sonnet

I don't work, I am a sahm.
It isn't as easy as saying work more hours, some people can't do this and others don't necessarily increase financially the more they work.
You aren't always better off for working and sometimes you end up costing the system more if you do work, which would have been the case with us.

Sonnet · 23/03/2015 21:19

M&P - Unfortunately your last para is too true - shouldn't be the case though.