The emergency budget on 22 June set out several substantial changes to the tax credit system. Some are straightforward; others less so. Below, are those changes coming in from April 2011 under the following headings, explaining what each means and who might be affected: Increases in rates and thresholds Withdrawal rates Family element withdrawal rate The baby element Older workers Disregards ... VIEW POST
Tax Credit Changes from April 2011
Proposed Changes to CSA
[box type="info"] There has been an update to the proposed changes to the CSA, basically they are going ahead. To find out more try the interactive post on Gingerbread. [/box] Letters are being sent out to single parents in Britain telling them about the changes. Talking about the csa is never a fun conversation piece and especially now it's causing a storm with new change proposals. Over at 2starsandaswirl there is a post about her campaign to stop the proposed changes. Please ... VIEW POST
Child and Tax Credits
The HM Revenue & Customs quote that 9 out of 10 families with children are entitled to tax credits. The basic requirement is looking after at least one child; you may qualify for Child Tax Credit. If you work more than 16 hours and earn low wages then you may qualify for Tax Credits as well. How much you get depends on things like: ... VIEW POST
Child Maintenance
What is child maintenance? Child maintenance is regular, reliable financial support which helps towards a child's everyday living costs. The parent who does not have main day-to-day care of the child provides child maintenance to the parent who does. ... VIEW POST
In Work Credit
In work credit is a fixed tax free payment of £40 per week (£60 per week in London). You need to be: Bringing up children on your own Starting work of at least 16 hours per week Expect the work to last 5 weeks or more You must also have been getting Income Support or Jobseeker's Allowance (or a combination of these benefits) for at least 52 weeks or more without a break. If you're entitled to In Work Credit you need to claim it before you start work FREEPHONE 0800 ... VIEW POST
- Bringing up children on your own
- Starting work of
Job Grant
Job grant is a one off tax free payment when you start work and stop getting benefits. You can claim Job Grant if you take up work and will be working at least 16 hours a week with the job expecting to last 5 weeks or more. You must have been claiming one of the following for at least 26 weeks before starting your new job: ... VIEW POST
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