Child/Working Tax Credit. Help me with what I am entitled to please

[FoghornLeghorn]

DH is currently a self employed, I have reviously been full time employed but now my maternity leave has finished I am now officially a SAHM.
Whilst I was clased as employed/on maternity leave we were not entitled to Working Tax Credit (think it is because we are both under 25) but we receive £116 per month in Child Tax Credit.
I am obviously going to let the DWP know about our change in circumstances now I am no longer classed as employed but I just wondered what this is going to mean to our finances - will we no longer be legible for the Child Tax Credit ?

Sorry if I sound a bit thick but these tax credit confuse the life out of me

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For Child tax credits it doesn't matter about how much you work as long as you have children. The income you earn may affect it though.
Working tax credits are for anyone who works more than 16 hours and over is 16 and has a child they are responsible for, or who work over 30 hours and over 25 if they have no children (different rule again if you claim disablilty benefit for yourself). Income of more than 15000 generally means you will get no working tax due to your income.

Well that explains the working Tax Credit then - DH's income is more than £15000.

I will give the DWP a call to advise them of my change in circumstance and see what they say - fingers crossed it's not too much of a drastic loss

is his net profit over 15,000, people mix up gross and net profit. if eg his turnover was 30,000 but his legitimate expenses were 20,000 then profit declarable to inland revenue is 10,000 and this is the amount that the tax credit people want to know

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