benefits

[JustTrying]

hi Ladies,

once baby is born, what benefits are working parents entitled to?

 

[Beauandhamish]

Depends on what your income is? I think if a couples is less than £26000 you can get tax credits. Otherwise it's just child benefit x

 

[JustTrying]

Depends on what your income is? I think if a couples is less than £26000 you can get tax credits. Otherwise it's just child benefit x

I just figured it out too.

Im not entitled to anything so forget it. lol

Im just dreading this maternity leave tbh so trying to scrimp and save where I can for now.

 

[TORino]

If you earn less than £50k you'll get full child benefit. If you earn between £50-60k you'll get a reduced level of child benefit.

Over £60k the amount of extra tax you'll pay outweighs your child benefit so essentially you don't get it.

 

[Beauandhamish]

Depends on what your income is? I think if a couples is less than £26000 you can get tax credits. Otherwise it's just child benefit x

I just figured it out too.

Im not entitled to anything so forget it. lol

Im just dreading this maternity leave tbh so trying to scrimp and save where I can for now.

Yes we don't get anything either. I only went back part time after my first so only just earn above what smp is so won't be too much of a shock for me this time!

 

[JustTrying]

Depends on what your income is? I think if a couples is less than £26000 you can get tax credits. Otherwise it's just child benefit x

I just figured it out too.

Im not entitled to anything so forget it. lol

Im just dreading this maternity leave tbh so trying to scrimp and save where I can for now.

Yes we don't get anything either. I only went back part time after my first so only just earn above what smp is so won't be too much of a shock for me this time!

Ive started saving already! No more spending extravangantly over here

 

[JustTrying]

If you earn less than £50k you'll get full child benefit. If you earn between £50-60k you'll get a reduced level of child benefit.

Over £60k the amount of extra tax you'll pay outweighs your child benefit so essentially you don't get it.

I was thinking if there's anything else benefit wise. lol I am being greedy!

 

[TORino]

There are ways you can minimise outgoings with childcare vouchers if you need to pay for childcare.

I don't know much about tax credits not being entitled to them.

The 30hours thing is a big deal to me. It's a huge saving on daily nursery fees but doesn't kick in until age 3!

 

[Karenb]

The 30 hours thing is the reason we went for another baby so soon but will have to change daughter's nursery as they don't all offer it all

 

[Alipops1986]

The 30 hours thing is the reason we went for another baby so soon but will have to change daughter's nursery as they don't all offer it all

We've moved nursery too - we've gone for a Preschool because Zac's nursery were condensing the 30 hrs into 3 days a week only, so 10 hours a day with times they had decided on!

Preschool is 9am - 3pm each day mon to fri with the before and after school club available as it's at our local village school. At the moment x4 breakfast clubs and x2 after school clubs a week, is only costing us £100 a month - far less than previously and we get childcare vouchers through work anyway. It's definitely worth looking around to make the most of the 30 hrs.

Baby is already down for their space at the nursery we used to use, as it's fantastic. but just not the way it plans to do the 30 free hours!

Alipops x

 

[Karenb]

My daughter's nursery spread the 30 hours evenly over the year so hey do 22 hours a week but as I am off in the holidays, I wouldn't need them then and would end up having to pay more in term time. Such a shame though as she loves it there x

 

[MrsWilson]

Check out 'tax free childcare' as I've been looking into this also, I think the savings are greater than childcare vouchers but would depend on your income.

To qualify for this both parents must be working and earn under £100k.

 

[GBLiz]

the income threshold for tax credit /working tax credits is 25k for one child, 30k for 2. If your household income is more than that you certainly dont need benefits !

 

[JustTrying]

the income threshold for tax credit /working tax credits is 25k for one child, 30k for 2. If your household income is more than that you certainly dont need benefits !

Why, do you add to a special pot to pay for peoples childcare?

 

[JustTrying]

Check out 'tax free childcare' as I've been looking into this also, I think the savings are greater than childcare vouchers but would depend on your income.

To qualify for this both parents must be working and earn under £100k.

I think this is a new scheme? I printed all the leaflets about this last week and it seems worthwhile

 

[MrsWilson]

Yes definitely seems worthwhile the savings are around £2k a year I believe. I need to go back to work full time (not straight away obviously) so any help with childcare costs is welcome.

 

[JustTrying]

Yes definitely seems worthwhile the savings are around £2k a year I believe. I need to go back to work full time (not straight away obviously) so any help with childcare costs is welcome.

Yeah same here.i am dreading it. Its a huge chunk from our salary. I pay London rates but i know its ridiculously high everywhere

 

[GBLiz]

the income threshold for tax credit /working tax credits is 25k for one child, 30k for 2. If your household income is more than that you certainly dont need benefits !

Why, do you add to a special pot to pay for peoples childcare?

not sure what you mean about whether i pay for peoples childcare but my statement is made because benefits are supposed to be for those on the poverty threshold and 30k is hardly poverty.....

edit to say, sorry I didnt mean to be offensive in anyway just saying benefits are for the poorest in society, or supposed to be. As others have mentioned there may be ways of saving for working people