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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

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The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

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Child and working tax Credit

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08 Mar 12 #316991 by maisymoos
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Hoping to find part time work. Just want to know what the impact will be on benefits currently received. I don''t want to end up in a worse financial position!

Is there a calulator I can use to assess the impact of working on the Child tax credits received or the working tax credits that I may receive, where you can put in salary/hours to be worked etc.

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08 Mar 12 #316994 by sillywoman
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What do you get at the moment?

CSA is not taken into account, neither is single parent council tax discount, or child benefit.

Hope this helps.

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08 Mar 12 #316996 by maisymoos
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I currently get CTC £422 every 4 weeks. If for example I worked 16 hours at £8 per hour (approx £6656 per annum) what would happen to CTC and would the reduction be compensated by WTC?

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08 Mar 12 #316997 by WhiteRose
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08 Mar 12 #316998 by WYSPECIAL
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or try calculator on

www.entitledto.com

it was pretty accurate for me

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08 Mar 12 #317006 by sillywoman
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Obviously if you were earning megga bucks you wouldn''t get wftc, but otherwise you will get both working tax credit and child tax credit.

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08 Mar 12 #317009 by Bernie58
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Hi m
You could make an appointment with the lone parent adviser at your local Jobcentre. They have a program which will calculate in work benefits for you and compare your current financial situation with how it would be if you worked a variety of hours and at different wages. Lone parents are almost always significantly better off working 16 hours a week. The exception is if you are getting help via Income support with mortgage payments

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