Tax Credits - help calculating please.

[Amethyst]

Can anyone check this is about right (I hate tax credits calculations and this really doesn't sound right)

BOTH WORKING
£11,318 - 24 hours a week
£19,818 - 40 hours a week

2 children under 5 both in childcare @ £200 a week

£85 a week tax credits
+£381.11 week paid income
+£217.65 week paid income
less £200 childcare

483.76 total income


vs


ONE WORKING/ONE STAY HOME
£19,818- 40 hours a week

£98 a week tax credits
+381.11 week paid income

£479.11 total income

[Amethyst]

Re: Tax Credits - help calculating please.

Add on Child Benefit but that's the same whichever option.

[enaid]

Re: Tax Credits - help calculating please.

Try it on here see wha tit comes to
http://www.which.co.uk/money/tax/gui...e-tax-credits/

[Amethyst]

Re: Tax Credits - help calculating please.

Proper figures for these.

£16604.00
£25784.00


Figures were entered at

£15604.00
£15353.00


Childcare £602 month