, , , , , , , , , , , , ,

A disabled person working 16hours a week and earning £8 per hour by my calculations will be £24 a week worse off.

Tax Credits are not easy to calculate and most people will check to see that the information they have sent in is correct and the Tax Credit Office will calculate the rest. A main factor in calculating Tax Credits is the level of money that can be earned before being reductions are made.

From April 2016, the level at which a household’s tax credits are withdrawn for every extra pound earned will be reduced from £6,420 to £3,850.

The Taper which reduces amount of Tax Credits by 41pence for every £1 of income above a certain level) is increasing to 48%

Source: The sneaky cut to Tax Credits for the disabled (It’s hidden in the calculations) | Telling it as it is