im so anxious about threats to cut ctc...

[em83]

god i feel so depressed about the threatened cut to ctc, i have been following the news religiously about this new emergency budget, and have just read an updat which was posted tonigha 22.10 which states that incomes £30.000 or over will not be entitled to ctc

im so pissed off with this and feel so anxious

ps sorry - new to this site - posted this then realised that I should have started a new thread so have now done both!

@ Tinyfishy

No, but remember it is the term after her 3rd birthday.

Twoifbysea I don't see anyone whining

I see people who are really struggling having money that they relied on taken from them.

If you have two children in nursery on 30k a year you would take home around £200 a month after childcare - something to worry about I think!

@ Riven!

so my dh earns £44k
credits will be reduced then?

The bbc calculator just said my tax credits will increase that can't be right.

Riven dont enjoy yourself too much. People will only moan about your holiday with tax payers money

What do people think, fair or not???

I think it was perhaps not as bad as we were thinking it was going to be.

Yes allshoppedout.
Your family income which is twice that of most people will have to be enough for now.
TC stop at £40.

thankyou ronshar fpor the sarkiness i was just checking not bragging!!

Sorry bad morning. I should just close my computer and lay in the sun for a while.

I don't think anyone is being a fascist - It's a fair point - people that are living off benefits are having more and more children. We can only afford one child so that's all we are going to have and we both work 30 hours a week. Why should a couple who don't work be able to continue to have 3+ children and rely on the state? - it's such an expectant society "I have children therefore I am entitled to X,YZ". Of course there are exceptions - women left alone... and no one is saying that someone shouldn't have a child! It's those who intentionally keep breeding to excess and expect everyone else to pick up the bill. I work in welfare and it beggars belief the amount of cases where people intentionally get pregnant so they don't have to work!!

Tax Credits don't necessarily stop at £40K. It depends on how many children you have and how much over £40K you earn - for every £1 you earn over £40K the family element of £545 will be decreased by 41p. Next year it is changing again and unless you have loads of kids (!) you are unlikely to get anything at all.

But yes, allshoppedout, if your dh is on £44K you are unlikely to get anything from next April. You could always do what other people do and get a job. Just a thought.

Norabarnacle, the taper rate is currently 39% not 37% (was increased to this from 37% about 4 or 5 years ago iirc)

If you're currently earning less than £50K, and are currently getting more than £545 with no child aged under 1, then you should either notice little change in the amount you're getting or an increase.

There are other more complicated changes coming in within a couple of years, the most notable being that if you're income goes down from the previous year, not all of this decrease will be taken into account when your award is worked out.

gt17

It depends on what kind of people you are talking about if you are talking about people on low wages who struggle to make ends meet and have a few children with the knowledge that when they are in full time school and no longer paying childcare costs they will be better off, then I think that is unfair. Or people who have disability or no choice in their circumstances.

However if you are talking about people like a lady I know who has three kids claims income support legally while her husband works away on the railways only coming back for two nights (which is why she can claim legally) he fetches £2000 a month home and she gets £1300 in benefits not including free milk, school meals. She openly braggs about it and there is nothing anyone can do because you are legally allowed a partner to stay for two night a week without having to declare it . She also kept his name of the birth certificate so he wouldn't pay maintenance. In the latter case I couldn't agree with you more.

I think this whole CTC thing is misleading and uncertain but it does provide that much more help to thousands of hard working families that can really do with the help.

particularly with the 20% vat rate starting in Jan 11.

i think there should be some assistance for hard working families especially if it rewards large families with parents that do not work far more thAN those that do.

i have one child and earn £35K a year and virtualy no help i know families where neither parent works but as they have 4 children they have a better standard of living and life style than i do. it simply is not fair!!!

thats annoying slushy. It is tales like that - and I think most people can quote someone- that make it so east for the benefit system to be attacked and benefit claimants labelled scroungers. when the majority are just struggling through.

Out of interest if he is handing his wages over to her does that not count as declarable income?

I am not sure about that but then I don't think she pays it in to her bank I think she just keeps it in cash so it would be hard to prove. I wouldn't even know if she didn't brag about it. But I didn't think about people labeling honest benefit claimants scroungers, I wouldn't want that as I also know of many people who have no choice but to claim benefits and are usually very embarrassed about it they are much more common than people who play the system.

the woman - no i cant get a job as we wouldnt be able to afford child.
i have a 4.5 year old who is @ school and a 17mth old.
will be going back to work when dd2 is @ school
and also i used to work quite a distant away and had to get train which was cosing nearly all my wages gave up when i had dd1.
also made the decision that i wanted to be the one to bring them up not someone else as then i would miss out on milestones and quality time

meant child care

anyway woman so there are no other SAHMs then like me!!!!

On the BBC calcuator I just worked out that my non-working sister and BIL, with their fours kids will actually be £600 a year better off.

Not sure how this is meant to be encouraging people back into work.

And does the VAT increase really make a differcence to those on low incomes.

DH and I earn just under 40k between us, once we have paid the mortgage, bills and food shopping and clothes for dd we have little left to spend on anything else. So fail to see where the VAT rise will have a major impact on our lives.

(not saying that 40k is a low income btw, just saying that we have little to spend on anything other than basics so can't see VAT making a big impact)

Watching PMQT. Harriet Harman is trying to get PM to say if family under £40k will lose out. So far he hasnt said!!!

I have always said that too riven