Does anyone know if any IP has made any policy decisions for those of us loosing our child benefit next year. We are going to be down over £250 and with an extra £130 per months to pay for school buses this is not a small sum.
You will have to speak to the IP about this - I think a lot of people will be in the same position as you and may need their payments altering.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I may have been on a different planet ... but how are the tax credits changing in april? as i claim for two children (one who has the disability element of it) x
you might find this timetable useful of whats going to be happening, i used it last week heling a friend of mine whos having her money cut etc with her tax credits http://www.disabilityalliance.org/forth ... #april2012
However also bear in mind this is still a much raging on going debate between the goverment and the house of lords, only last night was a amendment to disability payments for children knockind back so maybe keep an eye out on the news etc
hope it helps [:)]
Arty
IVA completion and certificate received 08/10/2012!!!
As things currently stand I believe any household with a taxpayer at the 40% rate will lose child benefit from 2013. If there are two tax payers but both underneath the 40% rate you will not lose it.
Any new IVAs been undertaken since the announcement should have had that factor built in or at least discussed to look at options down the line. Speak to your IP now if you believe you are at risk of losing it.
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com
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I will lose nearly £200 per month because Hubby is a 40% tax payer and I don't work and on top of that his tax code has changed so that he can pay back £938 arrears from previous tax year (due to car change) x
Sorry to read that footiemad - it should be based on household earnings to be fairer. The hardest hit are homes where one works and is just over 40% tax and the other person doesn't work due to childcare due to if they worked the childcare costs would swallow up the income and in come cases cost more on top. It is going to hit a lot of people very hard and those that are still carrying on RPTPP in the debt cycle will unfortunately get into an even bigger mess.
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com
If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
I think it's dreadful that they target homes with one higher rate tax payer and those with two lower rate, whose total income may be more than the one higher rate, can continue on.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I'll lose CTC and FA this year due to daughter going in to further education. Luckily I'm nearing the end (fingers crossed) so will only affect me for a few months but have outlined this in my recent review.x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
... but how are the tax credits changing in april? as i claim for two children (one who has the disability element of it) x
