childcare tax credits 2parents working

[Cupoftchaiagain]

Hi can anyone help please?

I am about to start a new job full time at £22000. My partner has simultaneously been offered chance of full time job at £15500. I am doing the benefits calculators to see what we might be entitled to in tax credits especially for child care. the calculatirs (turnto us, and the hmrc one) seem to say we woildn't get any help with childcare. Is this right?

I'm just really surprised as I know childcare tax credit exists and neither job is all that well paid, I wouldn't have thought we would be over any income limit.
It does say we might get £50 child tax credit weekly which will help however I was really hoping we'd get working tax credit and childcare.

At the moment we get £50 child tax credit, some housing benefit, child benefit.we have one child, under 5years. Our childcare costs if we need full-time which looks likely will be at least 175£ a week
thank u so much if u can help

I was going to reply to your post on MSE but will do this one as you mention child being under 5

A combined income of £37500 is too high for Working Tax Credits,I believe,in themselves. I think the cut off for them is quite low?

I'm not sure on the childcare element but I think there are limits set depending on how many children you have. Someone will know.

As an alternative,have you considered childcare vouchers? Also,how long until your child is in school?

Thank u! My goodness the internet world is small :)
So it may be that the working tax credit limit is cutting us off from the childcare ones?
Guess I have been hoping there was some fluke in how I was entering the numbers that was giving a wrong answer... dammit I was really lookingforward to something like £120 a week!

Dd is not 3 yet so a couple of years. Don't know yet if my employer will dothe vouchers, we know dh's won't. Though come august with the new scheme we will be able to get them direct apparently, this 'tax free childcare' scheme.

No,I don't think the working tax credit limit itself prevents the childcare element. I think the childcare element has a separate cut off but I don't have the foggiest what it is (I'm thinking 35K for one kid for some reason,but could be a random number!),there will be posts somewhere about it though. I know it was on MSE I read it ages ago so may be worth a search!

Sorry to tell you but.I earn just less than10,000 a year, my husband maybe 11000 ", we have 3 children and get 180 a week.there is no way you will be entitled to 120 a week I don't think!

Yes agree with pp. We earn less than you and have three children and get £40 ish pw. Living in dreamland with ideas of £120pw for one child on that kind of income!

Remember tax credits are based on your full year income and what your full year income was last tax year.

You need to work out what this is/was and work out your 'increase in income' disregard is.

Be very careful though that you don't run up a huge overpayment.

You may find that you get a large weekly payment this year (until April 2016) but then it drops significantly or stops entirely.

Hi I've been looking into this to and the threshold for a couple with one child is 26k .. Ie entitled to nothing at all if combined income is more than this !

We used to be on almost identical figures and got about £20 childcare a week iirc for two dc in ft nursery at £300+per week for them and their older brother needing bits of childminding after school.

Thank u all of u for your help. It's a shame there isn't more help out there but appreciate u all sharing your dxperience/knowledge. Better forewarned! I could have ended up with an overpayment as I wouldn't have queried a bigger payment and we r going from only one part time income of 16000.

Unfortunately dh's job has fallen through. He found out Fri but hadn't found chance to tell me yet. Fingers crossed for another and at least that lets us deal with one change at a time! I ws really worried about dd going from no childcare to full time

In case anyone finds this looking for info in a similar situation I got a useful link to entitlement and income tables on the money saving expert thread I had here forums.moneysavingexpert.com/showthread.php?p=68163691

No you won't get help with childcare , you also won't get £50 a week child tax credits. 37.5k is a very good income it's not low paid.

Sorry you dh job fell through hope he finds something soon.

The £26k threshold for one child that someone mentioned is for child tax credits without any childcare costs. I imagine with high childcare costs you may get a little help from the childcare element of workng tax credits, i have a feeling ( and I may be wrong) that the threshold is around £40k. To check you can go onto one of the benefit calculater such as the Turn2Us one which is meant to be quite accurate.

Well op says she's done the calculator and it said that they're entitled to nothing. And we're saying it sounds about right.

Cut off for working tax credit is about 16k and the childcare element for one child I think 26k.