Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

childcare money from working tax credits

4 replies

LAURACOLLEY · 03/05/2008 16:12

I'm currently at university and am due to finish at the end of june 2009. I have a 2 year old who attends nursery full time on week days. I have earned zero last tax year (07 - 08) and will probably earn zaero this tax year (08 - 09). My partner earned 18750 before deductions last year (07 - 08). Last year we were entitled to about £2000 worth of child tax credits but no working tax credits. My partner is predicted to earn about 19200 before deductions this year (08 09). It is the LEA and the university that pay 100% of my sons nursery costs at the moment but all this will stop at the end of June 2009. This childcare costs are £573.75 a calendar month (132.40 a week) and this is all weeks or months of the year. The question is is how much can myself and my partner earn this year (08 - 09) to be eligable for the working tax credits again and the 80% of the childcare costs next year (09 - 10) if from June 2009 I was working 16 hours a week. And then does anyone know or can predict how much we can earn next year (09 - 10) and not have to pay any of the childcare payments back and still get some for the following (10 - 11) tax year. After that my little lad will be at school. I thought I'd better ask about the following year becuase I'll take a 16 hours a week job back on the checkouts or something until find a degree related job. This I hope will then put me on about £18000 or £20000 a year. It's just that how am I going to search for work and attend interviews up and down the UK with no childcare paid for? There's no way we will be able to fund a nursery place on my partners wages alone.

OP posts:
elizabethsmum · 03/05/2008 22:37

Sorry can't answer your actual question but have you taken into account that once your DS is 3 you will be entitled to so many hours nursery free anyway?

HTH

LAURACOLLEY · 03/05/2008 22:42

do you know how many hours that is?

OP posts:
LAURACOLLEY · 03/05/2008 22:48

it's ok I've found ou its 12.5 a week

OP posts:
elizabethsmum · 03/05/2008 22:56

I think it may only be for so many weeks per year? Possibly over the school terms?

New posts on this thread. Refresh page
Swipe left for the next trending thread