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copydude

Advice Need On Tax Credits

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A niece just received £700 in tax credits.

That's because she recently had a baby. But she and her husband are both self-employed and doing very OK. The new family hasn't impacted that situation since they work from home.

Anyway, they already have a brand new car and have recently bought a second house.

After dinner, casual conversation decided that they might spend Gordon's benefits on some new decking for the patio. A wise choice madam?

It's by no means the first instance I've come across where benefits are given to people who don't need them.

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I looked into this the other day and even though i only earn 13k i am entitled to the grand sum off.... drum roll please!

23p per week!

Edited by casper_uk

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I looked into this the other day and even though i only earn 13k i am entitled to the grand sum of.... drum roll please!

23p per week!

You scrounger. :lol:

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So they're happy to pay more income tax? In most cases, Tax Credits aren't a benefit, they're a conditional tax cut. Sure, it's a ludicrously inefficient and Kafkaresque method of reducing their tax burden, but it's a tax cut all the same.

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Tax Credits aren't a benefit, they're a conditional tax cut.

So, how do you get them when you don't earn enough to pay much tax in the first place? Or haven't worked previously at all?

(See any Job Centre, Job Ad. 'Tax Credits Can Top Up Your Earnings'.)

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So, how do you get them when you don't earn enough to pay much tax in the first place? Or haven't worked previously at all?

(See any Job Centre, Job Ad. 'Tax Credits Can Top Up Your Earnings'.)

In most cases, Tax Credits aren't a benefit, they're a conditional tax cut.

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  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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