To be gutted that I won't be getting tax credits for 3rd child?

[GutenTag]

I'm just wondering what people's opinion is really.

We are trying for a 3rd child and I won't be getting any tax credits for this child as the government has changed the rules so that from next year tax credits are only paid for up to a maximum of 2 children.

I currently receive around £1k of TC for the kids and I would have received £4k for the 3rd if the government hadn't made the changes.

That would have meant an extra £250 a month. It's a lot of money for us. My DH works and I'm a SAHM. We have a £100k mortgage on a small house in a deprived area of town. We get by. We don't have much money left each month and I need to save literally for everything. I'm really really gutted. I really wanted 3 kids and this has meant that I'll be financially alot worse off now.

Of course I don't expect the government to "pay" for my children but it would have really helped, that's all. It would have eased the pressure off.

Just for the record we have never received any other benefits apart from JSA when DH was made redundant last year which was a godsend as we would have been homeless otherwise.

Do you think AiBU to feel/ think like this?

Since when did being a SAHM equal having 'the life of Riley'. So sad that this is the way that governments expect the family to be, let alone fellow parents.

But you don't need extra money if you don't have another child!!!

All mothers should aim to have an income so they're not reliant on someone who could die/run off/get ill/lose their job. I would be completely self-sufficient without DH.

A sweeping statement!!
I don't have an income. But in the event my DH did any of those things I would be completely self-sufficient. We chose for me to be a SAHM. We wanted that for our children. Childcare would not have been affordable in any case and my DH worked long and stressful hours. Haven't received anything from the state since CB was abolished - even though our single income is lower than the dual income that still qualifies for CB
Now the children are older from next year my DH will be working PT and I will also be working PT. It's been an excellent arrangement for both of us and for our children. Our combined stress levels must be about 0.5%

Totally agree with you robinia similar decisions and situation here. Clearly 'living the life of Riley' is equivalent to paying 80% more tax than a dual earning family on same income

Still don't understand how it jumps from £1k for two children to £4k for 3 if anyone could enlighten me?!

I don't have an income. I'm a sahm to a 9mo ds. Dh is a high earner. If any of the above happens I'll be minted. No worries.

It's 3k for every child but you don't get the full amount if you earn more than £16000.

Lindsxxx
You do not get it - the OP is not working and 'has 2 children to support' - but in fact they are supported by those of us who do work (the taxpayers).

She wants another child - and brazenly does not understand why the taxpayer will not support her continuously.

If we all had children 'to support' by staying at home - the whole system of benefits would collapse in days.

In fact - there would be nobody working as midwives, doctors, teachers or retail assistants to meet the needs of those children.

OP has a family she cannot support unaided yet she wants to expand it!

She might think of contributing now to the society that contributes to her children's upbringing - because we delude ourselves if we think we are doing it alone because we 'stay at home'.

I don't actually think many people would be totally self sufficient if their partner got I'll died ran off etc etc. The household income is likely to reduce possibly in half. Yet the mortgage or rent will stay the same unless you downsize. Childcare costs remain the same. Utility bills may reduce but not in half. Same with food bills.
Running a household is cheaper than running two.

Kondo there was an idea mooted a while ago that people should pay £20 per appointment to see their GP.

Cue a couple of threads on here about how the NHS is strapped for cash and how it was a good idea and poorer ppl could be exempt.

I pointed out how it would be just another stick to beat poorer ppl with which it would if it ever came to fruition.

I don't actually think many people would be totally self sufficient if their partner got I'll died ran off etc etc. The household income is likely to reduce possibly in half. Yet the mortgage or rent will stay the same unless you downsize

Or take out life insurance, it's not rocket science!

I was going to say the same as Chipped. If DH pegs it then his life insurance pays off the mortgage and I get his NHS pension. No tax credits or CB for us either.

OTOH if I cark, he's buggered!

They dont always pay out Chipped.

The only time I have heard of life insurance not paying out (I've worked for an insurer) is when an applicant has not disclosed something on their application. It's practically 99℅ of all claims being paid out.

There's no accounting for them having to be kicked out the door though is there ? And not paying child support which is 50% of the time at least. I'd have been far better off if the fucker had died

Yes life insurance is prudent and indeed we have it. Doesn't cover divorce though.

Chipped Do you have a link please.

Yeah life insurance is usually ok. Provided there's a corpse. Almost always gets paid out. It's when they get ill in some inconvenient or wriggleoutof-able way that it's a bugger. Insurers love fighting those. We do have critical illness cover but I'm not naïve enough to think it's guaranteed to pay out if one or both of us should become incapacitated.

A link to the confidential Decisons made my an insurance company?

I dont want the ins and outs Dont be so pedantic.

There must be stats somewhere.

When i posted about zero hours contracts upthread i provided a link to back it up like i usually do with things like it.

Try the ABI they publish annual payout rates by product for their members, which include the larger insurance companies.

It's a shame they don't sell twat insurance, for when your dp turns out to be one. I'm sure many of us would have had large pay outs.

I don't actually think many people would be totally self sufficient if their partner got I'll died ran off etc etc.

Well, I'm one who would as something of this type happened to my parents and I have thus always planned for this eventuality (well paid job, work full-time, no mortgage etc).

But in any case this isn't the topic of this thread: posters are not complaining about parents claiming tax credits when their circumstances change. They are complaining about the OP's situation, of wanting tax credits to make having a third child more affordable while staying a SAHM.

Twat payouts would be an uninsurable risk due to the probability of twatness being fairly high!

But a side affect of this policy is just that. People not currently claiming will in the future only be able to claim for two children. Yet those currently claiming will be able to claim for however many DC they currently have .
So those who are currently supporting themselves will be treated unfavourable.

I would love to have a second child but we are financially struggling as it is with childcare costs for one - we don't earn much but together just enough to not be entitled to tax credits or any other benefits other than child benefit. We struggle month to month - don't have any holidays or extravagant things as can't afford it