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childcare money from working tax credits

110 replies

LAURACOLLEY · 03/05/2008 16:14

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.

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HappyMummyOfOne · 03/05/2008 16:51

It wont be based on past earnings for the childcare element as you were not working. You'll be lucky to be able to claim any help, on a joint salary you'll be over the threashold for help with childcare costs based on your h's salary and you taking a min wage job.

LAURACOLLEY · 03/05/2008 17:36

but if my partner earns £18750 before deductions and then £14625 after deductions. childcare is £6885 a year. how is a family of three supposed to live on £7740 a year? thats not even anywhere need minimum wage. He's now on £8.75 an hour!!

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colette · 03/05/2008 17:41

Laura Colley - I phoned them up with a couple of different scenarios and they were acrtually quite helpful. It is worth a try . there is also a website called something like"entitled to" which gives you amounts > I agree with your last post

HappyMummyOfOne · 03/05/2008 17:45

Yes but you'll also have your wages not just his otherwise you cant claim childcare help anyway. They use the gross figure not the net figure. If you only plan on working 16 hours a week you wont need full time childcare anyway.

LAURACOLLEY · 03/05/2008 17:51

but i'll be spending all day job searching and will be travelling up and down the UK looking for work and attending job interviews for a degree related job. i would need to work for 16 hours a week though for money to add to the £18750 for us to live off not including childcare before I found a degree job.

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LAURACOLLEY · 03/05/2008 18:01

i went onto the tax credtis site and filled in the details as myself working 16 hours but not earned anything for last year and my partner earning £18750 and it said that we would get £4639.22 for childcare out of the £6884.80 we would pay in that year. I changed the income figures and it looks like we can earn to up £31,000 ish and still get a small percentage of the childcare money.

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Journey · 03/05/2008 22:07

my DH is a student, meanwhile, I work. We get absolutely nothing for childcare so I am so so jealous that you've had 100% of your childcare costs paid for.

Your degree is your investment. You can't expect other people to pay for your childcare whilst you find a job. Wake up to the real world and be thankful that you've had your childcare paid for whilst a student.

Washersaurus · 03/05/2008 22:18

Surely your son will be entitled to his free nursery place by the time the nursery funding runs out next year?

LAURACOLLEY · 03/05/2008 22:18

how am I going to find a job then and go to interviews with partner working various shift patterns? Shall I just take my son along to the interviews up and down the UK?

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Washersaurus · 03/05/2008 22:20

My DH books annual leave or works from home on the days when I have an interview or similar appointment. Do you have no friends or family?

KatyMac · 03/05/2008 22:21

If you aren't working you won't get childcare

The job centre maybe able to help with childcare for interviews - but realistically not for someone whose partner earns so much

Pug the figures into entitedto.com

LAURACOLLEY · 03/05/2008 22:25

£18000 isn't alot of money to earn. This is before deductions. I'm at university 250 miles away from family and don't have time for friends since I'm doing a degree with a son and partner to look after.
whats this about a free nursery place Washersaurus next year?

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KatyMac · 03/05/2008 22:26

If you work 16hrs a week you'll get £50 a weeks childcare & about 58 tax credit

According to entitledto - you might get different figures if you put in more accurate info

WallOfSilence · 03/05/2008 22:26

I am ending my 3 yr degree course now & I never received childcare costs so be grateful for that

I had to pay a c/minder out of dh's wages & still have enough to live on.

I don't really think you can expect your c/care to be paid for whilst you search the country for a 'degree related job'

If you work 16 hours a week it will be paid for you though You can work the 16 hours at night so your dh will be there & it won't interfere with your degree related job hunting

Good Luck with it

KatyMac · 03/05/2008 22:27

Free 12.5 hrs a week the term after you child turns 3

18000 is loads - honest people live on half that

Washersaurus · 03/05/2008 22:31

KatyMac is the nursery expert .

WallOfSilence · 03/05/2008 22:32

My dh earned about £15,000 per year for the past 3 years & we have had to pay £125 per week for c/care.

You can do it, maybe just a few cutbacks are needed.

LAURACOLLEY · 03/05/2008 22:45

i know students live on £3000 - £4000 a year. I did. I've done all the looking around for copper on your bedroom floor so I can go shopping thing.

By job related degree I meant to take a 16 hours a week job and then move out of this when I found something which was why I have done the degree

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LAURACOLLEY · 03/05/2008 22:50

we couldn't cut back. I don't spend anything apart from the odd birthday christmas card and present for family

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Washersaurus · 03/05/2008 22:52

Well you will have your 12.5 hours of childcare each week provided anyway so that will help.

KatyMac · 03/05/2008 22:53

Laura honey - you could you just choose not to

TBH F/T childcare is to some extent and to some people a luxury

As is being able to study

There are always ways to cut down - some of them may not be ways you want to cut down but unless your family income is less than about 8,000 there are economies you could chose to make - they may not be good economies to make but they are there as a choice

WallOfSilence · 03/05/2008 22:54

I have a journalism degree, have a job in journalism...would earn more cleaning toilets But I love my job, so sometimes a degree related job doesn't earn you the highest amount

Hopefully the 12.5hrs funded will give you enough time to get a fab job

What's your degree in?

LAURACOLLEY · 03/05/2008 22:54

the other possibility is that I stay on and do a masters which I was thinking about doing anyway and hope to get a research grant here

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KatyMac · 03/05/2008 22:55

remember though if your childcare goes down (because of the 12.5 hrs)so will your childcare money

LAURACOLLEY · 03/05/2008 22:57

well if I don't actually spend anything how can I cut back? don't have time to go out or go to shops.

environmental science degree

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