BOGGY Posted March 23, 2011 Share Posted March 23, 2011 has it gone up in the budget Link to comment Share on other sites More sharing options...
rich951 Posted March 23, 2011 Share Posted March 23, 2011 Didn't they announce the cuts that come into effect next month ages ago?? (eg this article from June last year) Link to comment Share on other sites More sharing options...
strikerPaul Posted March 23, 2011 Share Posted March 23, 2011 has it gone up in the budget hopefully not ! Link to comment Share on other sites More sharing options...
vix2000 Posted March 23, 2011 Share Posted March 23, 2011 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Rates and Thresholds April 2010 April 2011 Child Tax Credit Family element £545 £545 Family element, baby addition £545 Withdrawn Child element £2,300 £2,555 Disabled child element £2,715 £2,800 Severely disabled child element £1,095 £1,130 Top Income thresholds and withdrawal rates - £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 More sharing options...
BOGGY Posted March 23, 2011 Author Share Posted March 23, 2011 hopefully not ! tell me why not Link to comment Share on other sites More sharing options...
strikerPaul Posted March 23, 2011 Share Posted March 23, 2011 tell me why not Where do you think the government gets the money to pay these credits from? Link to comment Share on other sites More sharing options...
vix2000 Posted March 23, 2011 Share Posted March 23, 2011 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 More sharing options...
strikerPaul Posted March 23, 2011 Share Posted March 23, 2011 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 More sharing options...
vix2000 Posted March 23, 2011 Share Posted March 23, 2011 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 More sharing options...
strikerPaul Posted March 23, 2011 Share Posted March 23, 2011 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 More sharing options...
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