A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Mon/Fri 9am-6pm       Sat/Sun 2pm-6pm
Call for FREE expert advice & service info

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Universal Credits

  • Tinkerbelle
  • Tinkerbelle's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
24 Jul 12 #344960 by Tinkerbelle
Topic started by Tinkerbelle
A lot of us lone parents will be claiming tax credits at the moment.....eventually we will be movd onto the new Universal Credit....Ive been trying to find out when this is likley to happen to me but the more I read about it the more im convinced i might be worse off than I am now.....
At the moment maintenance payments are not taken into account for Tax Credits however I cant find anything to say this is still going to be the case for Universal Credits...I also see equity in 2nd properties also will be taken into account...in my situation for various reasons i moved out of the ex family home which is empty and up for sale....so if still not sold by time these new credits come into effect i think i might run into problems this added to the fact they might take maintance payments into account im thinking i may be worse off.....just trying to prepare my self for this....but just thought i would start a post in case anyone knows anything more about these new benefits...maybe i am getting into a panic too soon but would prefer it not to come as a shock and prepare for it now....maintenance payments are by voluntary arrangement not via CSA do you tink it might be a good idea to come to some sort of different aggreement

  • rubytuesday
  • rubytuesday's Avatar
  • Moderator
  • Moderator
More
26 Jul 12 #345504 by rubytuesday
Reply from rubytuesday
Thanks for this, Tink - its not something I know very much at all about, I''m afraid, but hopefully there is someone out there who will (Wyspecial maybe?)

  • Tinkerbelle
  • Tinkerbelle's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
26 Jul 12 #345573 by Tinkerbelle
Reply from Tinkerbelle
Only reason I posted was due to the fact I heard someone talking about it....and when I started to trawl the net for more could not really find anything which went into the ins and outs of this in depth.....but think there are a lot of worried people out there....I just thought I would start the question as im sure a lot of us who have been through/going through seperation
(1) have maintance payments
(2) have 2nd properties which are up for sale
(3) in receipt of tax credis - as well as other benefis......
oh and (4) savings
I dare say more info will come to light as we get closer to these benefits starting - but its always better to try to be as well informed as you can -
I do see people talking about how they are going to introduce some sort of transition scheme which means no one should be worse off while migrating from one scheme to the other but again cant find anything to say what form this will take....
a lot of us depend on tax credits and maintance to make ends meet every month so think we need to be prepared - just in case.
Dont have much faith in the powers to be when they start changing things around but its always the people who rely upon these things that suffer most when things go wrong
So im sure as more info becomes available some people might find it usefull to know....

  • Tinkerbelle
  • Tinkerbelle's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
29 Jul 12 #345876 by Tinkerbelle
Reply from Tinkerbelle
does this mean maintenance payments wont count as income for Universal Credits....
There is also a group of income types which it would be inappropriate
to take into account due to the disproportionate administrative burden
of doing so. Obvious examples would be the value of payments in kind
or charitable payments. Such income will be fully disregarded. The
current approach of fully disregarding payments of child maintenance
received by a claimant who is a parent with care, in order to encourage
such parents to apply for child maintenance, will continue under
Universal Credit.

If ive read this right.....are they going to disregard maintenance in order to encourage parents with care to apply for child maintenance........
If so then i think ive found the answer to one of my questions.....now I only need to work out what they are going to do about equity on a 2nd property....(if it has not sold by time these credits come in)

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11