Quote:
Originally Posted by the truth
osbourne got it wrong on working tax credits....Im not so sure on child tax credits as I don't know exactly what people with children get altogether.....I assume its family allowance, housing benefits and income support? is that right?
its NEVER explained clearly on any show exactly how much people get
found this so far
Child benefit: You should be able to claim £20.30 a week for your first child and £13.40 a week for subsequent children
Single person
Aged 16 to 24 £57.90
Aged 25 or over £73.10
Lone parent
Aged 16 to 17 £57.90
Aged 18 or over £73.10
Couple
With both people under 18 £57.90
With one person under 18 and the other aged 18 to 24 £57.90
With one person under 18 and the other aged 25 or over £73.10
With both people aged 18 or over £114.85
housing benefits
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The only differences between Child Tax Credits and WTC is that you A) Need to have kids to get them and B) still get them (at full rate) even if not working.
Other than that, it was all still going to be subject to the same cuts for working people (increased taper rates, lowered threshold) so actually if you were getting both CTC and WTC and working, your income could drop even MORE with the cuts. i.e. if the drop was enough to take you out of WTC entitlement completely - it would then also start eating into CTC entitlement. It's one of the worst parts, really. Working
families were (are, this will still happen eventually) going to be the worst affected.