Jump to content

Child and working tax credits


Recommended Posts

first figure 2010 second figure 2011

 

Working Tax Credit - £ per year (unless stated) Rates and Thresholds

April 2010 April 2011

Basic element £1,920 £1,920

Couple and lone parent element £1,890 £1,950

30 hour element £790 £790

Disabled worker element £2,570 £2,650

Severe disability element £1,095 £1,130

50+ Return to work payment(16-29 hours) £1,320 £1,365

50+ Return to work payment(30+ hours) £1,965 £2,030

 

Top

Childcare element of the Working Tax Credit - £ per year (unless stated) Rates and Thresholds April 2010 April 2011

Maximum eligible cost for one child £175 per week £175 per week

Maximum eligible cost for two or more children £300 per week £300 per week

Percentage of eligible costs covered 80% 70%

 

Top

Child Tax Credit - £ per year (unless stated) Rates and Thresholds

April 2010 April 2011

Child Tax Credit Family element £545 £545

Family element, baby addition £545 Withdrawn

Child element £2,300 £2,555

Disabled child element £2,715 £2,800

Severely disabled child element £1,095 £1,130

 

Top

Income thresholds and withdrawal rates - £ per year (unless stated) Rates and Thresholds April 2010 April 2011

First income threshold £6,420 £6,420

First withdrawal rate (per cent) 39% 41%

Second income threshold £50,000 £40,000

Second withdrawal rate (per cent) 6.67% 41%

First threshold for those entitled to Child Tax Credit only

£16,190 £15,860

Income disregard £25,000 £10,000

 

Top

Child Benefit - £ per week Rates April 2010 April 2011

Eldest/Only Child £20.30 £20.30

Other Children £13.40 £13.40

 

Top

Guardian Allowance - £ per week Rates April 2010 April 2011

Guardian’s Allowance £14.30 £14.75

Link to comment
Share on other sites

Look at it this way, a lot of people on low wages would be better off on benefits if they were not elegible for tax credits, therefore the whole of their income would be from tax payers.

 

This way they earn the majority of the money they need and this is topped up by money from the tax payer.

 

Or would you prefer the former?

Link to comment
Share on other sites

Look at it this way, a lot of people on low wages would be better off on benefits if they were not elegible for tax credits, therefore the whole of their income would be from tax payers.

 

This way they earn the majority of the money they need and this is topped up by money from the tax payer.

 

Or would you prefer the former?

 

Id prefer neither! Im sick to death of working my b****x off for the government to continuously take more off me to give to other people quite frankly.

 

I'm all for helping people in need, but until the government find a way between identifying those in need and worthy of help from those that DON'T my views will stay the same.

Link to comment
Share on other sites

The government do check the income of those claiming tax credits, their p60 information is checked every year.

 

Maybe those working and claiming tax credit should all go on the dole rather than try and help themselves by working as it seems you don't have a very high opinion of them either way?

Link to comment
Share on other sites

The government do check the income of those claiming tax credits, their p60 information is checked every year.

 

Maybe those working and claiming tax credit should all go on the dole rather than try and help themselves by working as it seems you don't have a very high opinion of them either way?

 

Anyone working full time has my upmost respect.

 

But why should workers get their wages topped up but other shouldn't then?

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.