Social security & child tax credits

  • Thread starter Sparky AKA_Sparkticus
  • Start date

S

Sparky AKA_Sparkticus

Anyone know a site where i can find out how this works out.

The sums don't seem to add up 56.20 + child tax credit seems to work out a
lot less then the income support i got before.

Sparkle
 
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R

Robbie

Sparky said:
Anyone know a site where i can find out how this works out.

The sums don't seem to add up 56.20 + child tax credit seems to work out a
lot less then the income support i got before.

Sparkle

At a guess - are you a lone parent on IS and the CTC is replacing the IS
you got for the child(ren)?

IS used to consist of more than just a personal allowance for you and an
amount per child. There was a Family Premium, currently worth £16.10
plus additional premiums to certain people (disabled, carer, bereaved,
disabled child). I don't know what has become of the Family Premium
elememt, whether it is still part of IS or whether it is paid via the
Revenue as part of tax credits. Someone may know more, but I assume
that's where the shortfall can be found.

Robbie
 
A

Andy Pandy

It should be about the same overall. A point to note is that child benefit is on
top of the CTC quoted figures, not included in it like with IS quoted figures.

The rates are here:

http://www.hmrc.gov.uk/rates/taxcredits.htm

As you're on IS you'll get the full amounts, so you should get £1690 for each
child plus £545 per year, in weekly figures £32.50 per child plus £10.48. Plus
any disability elements.

Child benefit of £17 for the first child and £11.40 for other children is on
top.
At a guess - are you a lone parent on IS and the CTC is replacing the IS
you got for the child(ren)?

IS used to consist of more than just a personal allowance for you and an
amount per child. There was a Family Premium, currently worth £16.10
plus additional premiums to certain people (disabled, carer, bereaved,
disabled child). I don't know what has become of the Family Premium
elememt, whether it is still part of IS or whether it is paid via the
Revenue as part of tax credits.
The family element of IS has turned into the family element of the CTC, £10.48 a
week, plus the "first child premium" in child benefit - £5.60 - making £16.08.
Someone may know more, but I assume
that's where the shortfall can be found.
There should be no shortfall unless you worked for part of the year - as the CTC
is worked out on annual income it's possible to get less in CTC than you would
have got in IS.

If you worked last year then your claim will initially be based on last year's
income - if this is the case let them know and it should be increased.
 
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S

Sparky AKA_Sparkticus

Andy said:
It should be about the same overall. A point to note is that child
benefit is on top of the CTC quoted figures, not included in it like
with IS quoted figures.

The rates are here:

http://www.hmrc.gov.uk/rates/taxcredits.htm

As you're on IS you'll get the full amounts, so you should get £1690
for each child plus £545 per year, in weekly figures £32.50 per child
plus £10.48. Plus any disability elements.

Child benefit of £17 for the first child and £11.40 for other
children is on top.


The family element of IS has turned into the family element of the
CTC, £10.48 a week, plus the "first child premium" in child benefit -
£5.60 - making £16.08.


There should be no shortfall unless you worked for part of the year -
as the CTC is worked out on annual income it's possible to get less
in CTC than you would have got in IS.

If you worked last year then your claim will initially be based on
last year's income - if this is the case let them know and it should
be increased.
thanks for your help...
sparkle
 

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