Tax credits will stop

[Morgan97]

Well everyone I've been on this site to help me through my problems with tax credits or lack of them! In case none of you know if the Tory's get in this week they WILL stop tax credits. PLEASE support me in this and DON'T vote them in again. They don't care about us ordinary people they care about making the rich richer and the poor poorer!!VOTE FOR ED he's made his promise set in stone.

They aren't scrapping it, they are just rolling it into universal credit - so you will still get the same amount as you get now, but all in one go in a monthly payment. If you go to the turn2us website they have a benefit calculator and what you will receive in universal tax benefits; it equates to the same.
There has been talk of child benefit and/or child tax credit being cut after 2 children - but this is just a wait and see thing for the time being.
I am certainly not happy with the tories but this scrapping tax credits business is rubbish; or media not explaining themselves properly.

It's not really true that you will get yhe same amout under UC. Not for long anyway.

The tories said no one would be worse off under UC but it's not true, it was spin.

When you move to UC from tax credits, if your UC is less than you got under the old system, you will get a top up called Transitional Protection to bring it up to the same amount.

However the Transitional protection top-up is only available as long as your circumstances don't change.

Examples of things that constitute a change in circumstances include:

• your partner leaves you and moves out
• your hours are reduced and your earnings drop

• you have a baby
• one if your children goes to live elsewhere
• you move and need to.start claiming the housing element when you did not previously
• you move and stop claiming the housing element when you did previously

Also the amount of the top up you get is frozen, and protected from inflationary increase so even if your circumstances never change, it will drop in real terms over time.

Im a "part time" worker. 16 hours direct payments looking after my df with alzheimers (im actually there over double those hours but they arent funded....)
The rest of my time is spent with my terminally ill partner (i earn £4 over the carers benefit threshold so dont qualify for that)
This government has well and truly fucked us!!! Im under no illusions it will continue to do so!

families who are saving up for a deposit on a house will lose their child tax credit because once it is wrapped up in the universal credit wrapper the means test ensures that if you have over £16000 in savings you will not be eligible for Universal Credit. Between 6 to 16 k £ there is a calculation that for every £250 in savings you will be assessed as having an income from this money and it will form part of the means test.
Google Universal Credit and capital limits