Friday, November 6, 2009

Working family tax credit (childcare element) how much do you get?

Out of curiosty, i'm wondering how much people get towards childcare in different situations from working family tax credits? Am deciding whether to go back to work or be stay at home parent.

Working family tax credit (childcare element) how much do you get?
You will get up to 80% of your costs paid depending on the income your household receives, if you are single you will have to work a minimum of 16 hours per week but if you live with a partner both of you will have to work a minimum of 16 hours per week unless one of you is incapacitated.


If you receive Working Tax Credit you will receive maximum 80% of your weekly costs but if you don't then the costs will be tapered to your household income. The amount paid out depends on several factors the number of children attending the weekly cost and again your income. You would be best ringing the helpline and getting an entitlement calculation, this will estimate how much you will receive each week.
Reply:Hi,





I get 70% paid towards it, which is a great help there is a limit of how much they will pay, but its very high.





Rx
Reply:i get aroung £45 a week
Reply:Try out this great site, www.entitledto.co.uk - it will tell you to the penny how much you'll get depnding on your circumstances.
Reply:www.direct.gov.co.uk will help you work out how much your entitled to along with any other benefits you can get.
Reply:It all depends how much income is coming into ur household?? if u are going to be uner £16,000 a year then they will give u 75% if u are over that amount then it will reduce the higher u earn but u will get childcare even if u are earning £50.000 a year. it might be a penny nut u will still get it.
Reply:Try this link to see if you can work out how much you are entitled to. http://www.ukbenefits.org/working_tax_cr...





The government also has a website but this is currently under re-vamp. http://www.hmrc.gov.uk/taxcredits.htm Maybe worth trying later on.


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