24/10/2013 at 11:27
I just don't understand. When I go back to work, what can I claim for childcare?
I've looked on the calculator thing online and are Tax credits different to Child tax credits? Which do I claim? We're both working FT, not in receipt of any benefits.
I'm a numpty
24/10/2013 at 11:52
There are two types of tax credits, child and working tax credit. Did you do the calculator when you went on there? Pop in all your details and it should give you a rough idea of what you could be entitled to.
Give them a ring, they can so a calculation and tell you whether you can claim. We have done it based on us both working, for when I go back and we don't get anything due to OH's overtime :/
24/10/2013 at 12:04
i just looked and it said we arnt entitled because we earnt more than 26k?
surley thats not right?
24/10/2013 at 12:08
Monnie, I think that's the new limit if you have one child.
Sange, are you being offered childcare vouchers through work? There is a calculator on HMRC website which tells you which you would be best going with.
24/10/2013 at 12:09
They lowered the thresh hold last year Monnie so that will be right
24/10/2013 at 14:37
I've just been on the phone to hmrc, £26000 is cut off (before tax) and so I get nothing. I asked for an estimate for once bump is here, and I may get £16 a week...there's no help if you work hard!
24/10/2013 at 14:54
i just dont understand becasue if you both work it would be a rare situation for you to earn under 26k between you, and if only one of you works , i would also pressume they earn more than 26k? but maybe thats me becasue we live near london?
24/10/2013 at 15:56
The 26 grand is for Tax credits, not the Child ones. I managed to decipher that much!
24/10/2013 at 18:17
We went to see someone about this yesterday, as my husband lost his job, and with me on ML we thought we may be entitled to something - we arent! If you earn over £26 or 27K then you arent entitled to any sort of tax credits, working or child, All we are entitled to is child benefit.
24/10/2013 at 18:25
Blimey. So how the **** am I supposed to go back to work then?
24/10/2013 at 18:37
You can claim childcare vouchers from your employer if they do them? I think this is about £100 a month, it gets taken off your salary before you get taxed, so it itsnt money given to you, more that you just get taxed less. I think! I need to look more into it myself. I don't think it costs your employer anything, but they'd need to set up a scheme if they dont already.
24/10/2013 at 18:56
You can claim £243 a month child care vouchers which come off your salary Pre tax, saves you £77 a month.
You also get £19 child benefit a week
24/10/2013 at 18:58
I don't think they do vouchers. Bu**er.
24/10/2013 at 19:33
Yep that's right if you or you and a partner earn more than £26k you're entitled to nothing. They lowered the threshold about a year ago to that from about £44k!!
24/10/2013 at 19:37
I don't get anything this year because if the redundancy packet I got last year :-(
24/10/2013 at 20:16
It is really confusing, and perhaps I have got this wrong.
But I think you can get childCARE tax credits, even if earning over £26k. According to this, you could still get some money, depending on how expensive your childcare is, if earning up to £40k between you. It's not a lot though. www.hmrc.gov.uk/.../work-pay-childcare.htm
Child tax credits are different, they are not dependent on your childcare costs, and you will not get them if earning over £26k.
24/10/2013 at 20:17
Don't start me ranting about tax credits! Surely the clue is in the name in that it is a credit of the tax you pay back, so how can people who don't pay tax get it? Tax and benefit system is far too complex!
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