Tax credit help needed

[swall1005]

Please can anyone help. My partner and i are currently both working and paying childcare for two children. We are recieving a small amount of tax credits. My partner has decided to leave his job to care for the children full time as we can no longer afford the childcare. Does anyone know if this will mean we will need to make a new tax credit change or will they just update our on-going claim? If anyone has had experience of one person stopping work completely please get in touch and let me know what happened. Thank you reading xxx

Will you be working more than 24 hours? If so they will just take the childcare off the bill and you carry on getting WTC as before. If not, i think you will just get child tax credits but they'll tell you that when you ring up, they switch it then & there & you get new paperwork sent out.

They can update the new claim they will not need to open a new claim, you will need to ring and let them know that he is stopping work. You may also need to give them an estimate of what you think your household income will be for the rest of the tax year.

you will get 1 months childcare element continued after your childcare stops. They call this 'run on'. It is to enable you to pay the 1 months notice you may have to give your child carer.

On the re-assessment letter they send you, it will give you monthly figures for the first month and subsequent months. However, we found this figure was totally wrong, and after our 1 month run on we got another letter with completely different, much lower figures. So just be aware that for a few months you will have no idea what you will actually be getting, as it takes a while for them to get their act together.
I stopped working in Nov and we still don't know what we will be getting each month.

Some brilliant advice above but must add.
If they ask you for an estimate, keep a record of this if it isn't on your latest award and if in the meantime it seems as though you will go over this estimate, call and tell them. This will help to avoid any over payment which you will have to pay back by them reducing your money.