Quote:
Originally Posted by norwich stanley
He clears about £260 a week,30 yrs old,lives with partners mum and dad (not married sorry)and its family tax credit,also refuses to do any overtime because this would affect family tax credit-hope that makes it clearer  |
Tax credits are paid in arrears so basically you get credits based on the previous years earnings, depending on his hourly rate at 40 hours fetching 260 home would be about 6.50 per hour,each year he would earn approx 13,500 which is below the 15,000 threshold so he probably would be getting up to 80.00 per week tax and child credits, this is only a rough guess I would need exact figures for the breakdown to be right