Quote:
Originally Posted by Angua
Well as of April 2012 no family earning £26k or more will get Tax Credits or Child Tax Credits. The letters are being received at the moment. Now whether this will include those whose total benefits (excluding child benefit) are over £26k or not will cause a whole other argument.
For me it equals about 6% of my income, as a family not so much.
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am i right in that these changes will not take effect untill next year because tax credits are paid based on last years earnings or is it a case of any family having a combined income of £26k last tax year will not recieve any payments this year .I assume the £545 allowance for children with families who earn under £50k is still there