How much do you get in tax credits?

[charliecat]

We get ....Household income of 27.000 2 kids 3.04 a week ..skint.

Crikey Starlover that seems a lot - they assessed us on about £80/month based on earnings of £30K (before tax)

NoPearls - 29k is the point where you wouldn't be entitled to get help with childcare costs of one child. But we have 2 and our childcare costs are relatively high. It's not just about your earnings.... but also how much childcare you pay!

Aren't people forgetting here that most of people posting here will be receiving the CHILDCARE ELEMENT rather than the WORKING FAMILIES ELEMENT! Therefore if you earn less than £58 a year then you are entitled to help with childcare.

Oops £58k a year!

WE have a joint income of about £46,000 but last year which is what this years award is based on we were aboout half of dp was on a strange tax system being a contracted worker so his taxable earnings were only about £9000. A lot of my income is from my maintenance - not sure if they include that in tax credits assessment.

So I get £232 a month which includes my childcare element and dp gets about the same WTC. But it will be drastically reduced in the next tax year.

ill elaborate on mine.

DH earns £20000 Im a SAHM

I recieve £40.47 per week for Jess - no childcare and no WTC.

We recieve £90 a week for 3 children. Dh earns about £18k - I am a sahm.

quick thought, hopefully this beanie will be born safely in march 06, and I'm planning on being a SAHM so our income will half if I tell IR i'm earnign as wel we'll get less but if I tell them I'm not (as the case will be) they could ask for it back if it goes on this current years earnings - how's that fair? or am I missing something?

when you put the claim in, they ask for the previous years details.... once beanie is born, phone them and say you are no longer working and they will up it. It took me 4 months to realise that!!! My payments went up from £20 a week to £40!

(DH is only on £17000 on his own at the minute)

he's a lance jack aint he?!

My dh earns about £20.000 i earn about £2500.00 we get about £42.46p a week.

do you pay childcare, Hermione?

no
they are at school when i work so don't need to. Why? am i getting too much then??

we don't qualify for working tax credits.

We are on a similar income and get around 8 pounfs a week for two kids. One under school age.

oh god, i feel guilty now, i don't think they know what they are doing, one minute it's this the next minute it's that. if you get paid alot it's great but if your not its a right bummer.

Before i started working and dh was wage was alot higher we got £60.

Is that a typo or is your income 2,500 a year?

My DH earns about 11K and our tax credits altogether are £133 a week (not sure of the split though). And we get free prescriptions /glasses etc.

Thank god for tax credits.

oh yes, 3 kids.

starrynight - you get WTC as well then dont you?

£270odd per week. but that is cos dh self employed on ridiculously small profit and i get child tc with disabled premium for 2 kids.

My DP earns 25k, which just covers all our rent/bills etc (we live in a cheap house for our area, and the rent is still £700 pm) and we get £8 a week, which is why I break my neck to earn f all teaching the cello and working in a crappy pub. It would be nice not to have to, but needs must and all that.

We get bugger all, the very minimum that they can give