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Hi all,
I know you have to work 16 hrs or more to claim WTC. However, if a job came up at say 14 hours, can i make the other hours up with say a local little cleaning job. Do they have to be am employer who is paye? or can i do cleaning for someone i dont know and get cash in hand but declare it?
Any advice would be great.
Thank you
Hi again,
Can i just ask how do you declare it?? and also, does it have to be the minimum wage or if its cash in hand can it be any amount (i.e £5)? im a little confused because obviously cash in hand will not be on any p60 i get from my employer, so how do i fill this in when i get my tax renewal pack next year??
Thanks
S
Hi again
Well legally you would have to get minimum wage if you are over 21. At the moment this is £5.93 and will rise to £6.08 in October, so maybe you could get £6.20 an hour from the word go and this would cover you.
Buy a small exercise book and every time you get some cash write it in and the date and then add it up from time to time, doing a final addition up to and including 5th April, then you will have the total you have earned from that job in the current tax year. Add that to the total you have earned from your other job and you have your year's earnings to declare in your pack.Then start a new running total for the new tax year in your exercise book.
It is worth having a word with your tax office just to say that this is happening. When I had a cash in hand job myself some years ago (had to start workiing evenings as well, when my lovely ex stopped paying child support, that was fun!) I had a very simple form to fill in (not a whole tax return just one sheet) declaring it and they said I owed a small amount and I paid it at my bank. This only applies if you are paying tax at your main job already OR your money from your two jobs then puts you into paying tax....but don't let this put you off. Even if you had to pay tax on all of your second job wages, at £6.20 a week wages the tax would only be £1.24 a week and set THAT against everything you can gain from being on Working Tax Credit! It's worth a few minutes pain for a whole year of gain!
Dear Louise,
Thanks for all your advice!!
S
Is there a Working Tax Credit calculator or way to understand who this payment might change depending on circumstances?
I am a Lone parent, in full-time work, using childcare 5 days a week. If I were to co-habit would it be significatly reduced?
- am I correct to think that the government believe if you share a house/flat together the partner will subsides and support you financially?
Any benefit is based on the HOUSEHOLD income, and this does seem to me to be a fair way to do things. You can get a calculation online by filling in your details online, click here to see the link.
If you would like specific money advice/questions answering then please contact our money expert by clicking here
Hi there,
To clarify I work full time, my boyfriend works and earns double my salary..he has his money and I have mine. It's in separate accounts..totally separate.
- so his higher earnings will disadvantage me ..is that the case?
Yes they will "disadvantage you" in terms of benefits if you live together, as you are regarded as a partnership. It's up to you to work out how much he will contribute to household expenses, bills and food. Anyway, have a look at the calculator and see what it says?
Hi YellowDiamondMoon
When I was in a similar position to you and moved in with my boyfriend (it didn't last) I have to say that I shot myself in the foot financially big time. Losing all my working and child tax credit meant I really struggled to make ends meet. Please, please, please make very sure you know what financial losses you would be letting yourself in for. Fi x
I recently moved employers and I'm trying to make my working week to 16 hours. Can I use college time?
I don't think so, that is time spent in education. But do email and check the answer with our Money Expert (click to get the form)
If you cannot make up your week to 16 hours, you could patch on another job to make up the hours, such as a cleaning job, as long as you keep a record of what you earn.
Yes, you can have a little extra job. You can do this for cash or any other payment and just declare it, presumably you will still be under the weekly limit for tax and National Insurance (currently £143 and £97 per week though please note that sometimes peoples' tax allowances are different if there are other factors such as having their code adjusted to pay back a previous overpayment etc)
I had a friend who was working 15 hours a week and at the time I was working many hours and had two young boys so she did my garden for me, and my ironing alternate weeks, and I paid her for an hour's work, which she declaredc