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Trying to calculate CTC and WTC 1

  • retep69
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06 Sep 12 #354297 by retep69
Topic started by retep69
Based on an annual income of £10k,having 3 children aged 9,7 and 5,working 16 hours a week and as resident parent what level of child tax credit and Working tax credits could a self employed person expect to receive per month?

The 16 hour Part time work is evening and weekend so no childcare costs,and children have no disabilities or special needs.

One source suggests as much as £1200 per month but is there a way I can corroborate this?

  • leanng
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06 Sep 12 #354298 by leanng
Reply from leanng
all you need to do is visit the tax credit website. there is a calculator on there..

  • jslgb
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06 Sep 12 #354299 by jslgb
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If you go on the HMRC website there is a calculator which will work it out for you. They are generally quite accurate.

www.hmrc.gov.uk/taxcredits/payments-enti...uestion-how-much.htm

  • WhiteRose
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06 Sep 12 #354301 by WhiteRose
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I''ve found this site''s calculator good too:

www.familynest.co.uk/Tools/Tax-credits-benefits-calculator/

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06 Sep 12 #354302 by Elphie
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And just incase you fancied a third option....

www.turn2us.org.uk/benefits_search.aspx

  • retep69
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07 Sep 12 #354339 by retep69
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Hmmm.HMRC suggests £6k per year,the second site is suggesting £11k!

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07 Sep 12 #354350 by WhiteRose
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Problem is unless you are applying, you can''t phone anyone and ask what the actual amount will be.

Best to use the £6k as its on the ''official'' site.

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