Thursday, January 21, 2010

What is the joint income threshold for married couples to be eligible for working tax credits?

we have a rough joint income of 拢18,000. I am self employed and work around 15 hours a week, my husband works around 40-42 hours a week. According to their website we are eligible but according to the snotty man on the phone we are not! Does anybody have an idea? Thanks.What is the joint income threshold for married couples to be eligible for working tax credits?
You are eligible, but there are different elements. One is childcare and one is based on income and child ages.





There is a threshold at around 拢26,000 and others, use this calculator to alter the figures to suit and see what you can claim.


http://www.bfinancialtools.co.uk/working鈥?/a>What is the joint income threshold for married couples to be eligible for working tax credits?
check this site out, it may help
unless you have children you are not eligible for eic credit because of your income. without children your income cant exceed 12,100.
Ok, based on your income you are not eligible for the EIC credit unless you have children. With no children your income must be less than 12,100. If you have children your income can be as high as 31,000 for 1 child or 38,000 for 2 or more children. If you have children you would also qualify for child tax credit. If no children the only credit you may qualify for would be a retirement credit, that would ve if you invest in a retirement program.
go on the inland revenue site. They give you a form to fill in for a vague idea of what if anything you might be entitled to.


Sorry I didnt read your question very well :0(


Just get an application in and see what happens, they always get it wrong anyway. You could try ringing again, you might get a helpful person next time. I did say MIGHT!
To be honest i don't think you are eligible, your husband is working full time. have you got children? if so you could be eligible. good luck!
Any application for benefits is considered on an individual basis - rather than a one size fits all. Whilst it often appears to be unhelpful for applicants there is method in this approach due to the need for those staff working within government agencies to be as sure as possible that the claimant is providing accurate information to support their application. Having said that, no system is perfect - I have recently been advising elderly clients who made an application for Pension credit and were rejected on the basis of an incorrect assessment of the figures on their applications - they are currently appealing!





I suggest you visit:





https://www.taxcredits.inlandrevenue.gov鈥?/a>





and complete the calculator. This will give a very clear indication on the potential to make a claim or not.








Disclaimer:


The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find an IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk
  • north face book bags
  • No comments:

    Post a Comment