Monday, October 26, 2009

Tax credits . why just because my partner has moved in have i lost nearly all my tax credits?

we both work and he has three children from a previous marrige who he pays for . i have two . i feel like ive lost all my independence and cant pay my own bills anymore .i understand it must go down but not as much as it has done



Tax credits . why just because my partner has moved in have i lost nearly all my tax credits?

i totally agree. i have just moved in with my partner, and we both claimed tax credits before. now we claim jointly (with a really low income) we have lost over 鎷?20 a week. this puts a huge financial strain on our new relationship, and i too feel like i now have to rely on him to %26#039;keep%26#039; me and my daughter as i just can%26#039;t raise enough income myself.



Tax credits . why just because my partner has moved in have i lost nearly all my tax credits?

Tax Credits are based onhousehold income. If you overall household income as increased but the number of children has remained the same then you will loose some of your benefit.



Hope this helps.



Tax credits . why just because my partner has moved in have i lost nearly all my tax credits?

If your not married I don%26#039;t see how it would affect your taxes at all.



Tax credits . why just because my partner has moved in have i lost nearly all my tax credits?

they combine the full income coming into your home over the full year, so unless you have given the wrong estimate or haven%26#039;t told them the right amount of csa payed out for the year, check yours and your partners p60%26#039;s to see if you have estimated right for this coming year



Tax credits . why just because my partner has moved in have i lost nearly all my tax credits?

If you choose to live with someone then the household income should, quite rightly, be taken into consideration.



These are free handouts from the State, I think its absurd that you think that the government should continue to support you and your family when you have decided to bring another wage earner into your household.



Tax credits . why just because my partner has moved in have i lost nearly all my tax credits?

The calculation of Tax Credits is based on the total income comming into the household. Therefore your partners income is now taken into consideration. In fact you should have informed HMRC that your circumstances have changed. On reading the question again it sounds as if you have.



If you don%26#039;t keep the Tax Credit people up to date with your circumstances they can cancel your award and ALL monies paid out to you can and will be claimed back.



Part of your claim when you were claiming as a single parent is an allowance for the fact that you are a single parent. You lost that part of the claim when you started a joint claim.



If you and your partner are the main carers for his children as well as your own then the two of you can claim for these as well.



With two incomes coming into the household tax credits are very quickly swallowed up and the calculation is very complicated. But you can check what you should get at the link below. Just complete the questionaire and you will be told what you should get.



If the answer is different to what you are actually getting then contact the tax credit helpline on 0845 300 3900

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