Tax credits... for 2012-2013

[Dilligaf81]

Sorry starting this one before the April rush
I cant find the calculators for 2012 - 2013
I work 16 hrs and will have earnt approx £13k apr 11- apr 12
DH works 48 hrs and will have earnt £32k with have 4 dc's (1 - 7)
No childcare costs.

Does anyone know I we will be entitled to any tax credits ?

Thanks

rates
I think you are about £5k over the limit, although I am not sure about the £545 family element.

Basic element + couple element = £1,920 + £1,950
Child element = 4 x £2,690
family element = £545
total = £15,175

Income = 45k
1st income threshold = £6,420, so you exceed this by £38,580 and you suffer withdrawal at 41% on that excess = £15,817, which is more than the tax credits which you would be entitled to - so you don't get anything.

(disclaimers all over the place, as undated my 11/12 spreadsheet and have only tried my own figures in it to date - the above calc is me trying separately to replicate my spreadsheet, and I am pretty close)

and you wouldn't be £5k over the limit, you are only just over the cusp of the limit.

Chasingsquirrels Thanks for the quick reply, I cant get the link you posted.

When you say £5k over the limit does tha mean I dont even get the basic £40 a month ?

my "£5k over the limit" was an error on my part, you are just over the limit.

I couldn't find anything about the £545 family element - the £40 a month. I thought this was going to be withdrawn on the same basis as the other elements (unlike now when you only lose it when you are over a certain income?). But I couldn't find anything on that when I briefly looked.

Thanks for looking it's so annoying when there are all these changes being made but we cant plan. We'll just get another letter and it'll stop.
Heyho plan to get nothing and then it'll be a bonu if we get anything.

Can any of you help? I have been assessed for TCs following a relationship breakdown. I have been awarded TCs but based on my income for the previous year of £14,000, in a job I no longer do.

I am self-employed (effective from the end of December) and have picked up a little work but I have no idea what my income will be - at present I am in a state of flux. Am looking for consultancy work and have found a little and will continue to look for full time work just in case. I will take the full time job if one comes along.

I am totally lost and I seem to get a different answer each time I speak to someone!

Don't forget to take out pension contributions, as these are not included in taxable income.

My dh is on about £32k but his taxable pay is way less due to how much he pays towards his pension.

My husband works for the local government so his pension deductions are included in his calcuable (sp) wage annoyingly as if the government get there way it will be less profitable than a private one anyone.