just read this:
Tax credits system to be overhauled in favour of a new 'Universal Credit'. The 'work programme' will provide help for people seeking work with savings to be made via digital applications. The government is also seeking additional savings. Basic and 30-hour tax credits to be frozen. The childcare element of the working tax credit to be reduced to its previous level of 70%. (what is it now then??)
The welfare measures announced will save £7bn, the chancellor says. The removal of child benefit from higher-rate taxpayers is confirmed. (thats the bit for over £40k i think isnt it?)
its all a bit confusing, i kno when ive looked at what help we will get towards childcare and things i couldnt decide if to put last yrs info in like it said or this yrs, stuuupid government cos im sure as soon as you get a overpayment they want it back in a large lump sum!! pfft!
xxx