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Thursday, 19 July 2007

How much can I earn before? -

it does something to my child tax and working tax. I don t want to be earning say £300 a month but lose say £200 a month from my child tax. With the credit Crunch these days I am finding it a Little hard to get everyday things, I cant get a loan so thought maybe get a part time job on a night so my husband can watch our 4 kids just so earn say extra money to pay that months rent etc. I don t really see the point of getting a job if what I earn extra is want really comes off my child tax money. No jumping on me back I did work right up until I had my 4th child and all my kids are 4 and under so would cost lots for childcare.|::::|If you call the tax credit helpline they can use a calculator used for new claimants to give you a rough idea how much you could be entitled to if your circumstances change, might have to push to get them to do it though as don t always want to bother. As a rough guide tax credits is set up in a way to encourage you to work, any tax credits you loose by working will be less then what u earn. also if you earn more in this tax year (april 08 - april 09) then last year (07-08) they will continue to use your income from last year so wont effect your current payments. it wont effect them much next tax year either as will only have extra income from jan-april to be included in calculation so you will loose a little next year and then again a bit more year after.

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