Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 How do you escape income tax?
If your answer is you can't, dont answer at ...


 Do I have to pay income tax on my income from drug dealings?
...


 Is it legal to claim, like, 10 dependants so I can receive more money from my paycheck?
I know I will probably have to owe more money at the end of the year but is it technically legal?
Additional Details
How about exempt status? What does it take to claim exempt?...


 How can I file my taxes for free online?
IRS E-file says I make too much to file with them, any suggestions?...


 What happens if you don't file your taxes?
If you don't file your taxes for whatever reason, do you get arrested? Fined? I know Marc Anthony JUST got caught for not filing HIS taxes for years, and he had to pay a large fee (although it ...


 How do i work out what percentage of 500,000 300,000 is?
...


 How much is $1million in indian rupees?
...


 When do I get my tax money?
When?...


 Is claiming him legal?
i supported my nephew last year. he lived with me from dec. 05 till about a week ago... can i claim him on my taxes? his mother already told me that she wasn't claiming him because it wasn'...


 Tax Question for Class?
I have a question for a tax class that i can't seem to find an answer to, can someone help me wit this.

Say i were to put up a 100,000$ reward for information leading the the arrest ...


 Does anyone know how much HR Block will charge to file a 1040EZ?
...


 When immigrates open business is it true that they do not pay taxs on their business for seven years?
...


 Can you still get a tax refund if you get paid under the table?
if so does the employer give you a form or how do you go about doing this?...


 Should a woman marry a man who refuses to file income tax return?
...


 Please 10 easy points question about taxes~!!!!!!!!!!?
okay so my mother wants to put me and my son on her taxes but i told her NO and that she can only put one (she doesnt want to have to pay money back) my boyfriend who i have 3 kids with is gonna put ...


 Tax rebate "wheres my stimulus payment"?
https://sa1.www4.irs.gov
this is new and updated today however when i put in my info it is not finding me even though the info is all correct. does it work for ...


 How do you pay taxes if you are being paid by cash???
How do you pay taxes if you are being paid by cash???

I’ve been working at petrol station for a month and they pay only by cash. I’ve asked them to pay me through a bank and provide ...


 2006 taxes, do i have to file if i dont owe anything?
...


 Got my PAPER STIMULUS check today so everyone check your mail! ;-)?
Hey guys - a lot of you are familiar with me on here by now lol regarding the stimululs payments. Well my mom works for the post office so she called me and told me that my check was there - so I ...


 When did you get your PAPER stimulus rebate check if your last 2 digits are 00-09?
I am wondering when you received your paper check if you have last two social security digits between oo-09. I am trying to figure out of the paper check schedule is ahead of the dates given on the &...



kerrianne c
Benifits in uk?
hiya, i need some help, me and my partner have been on benifits for about 5 months since our little girl was born, im not returning to work as i want to look after the little one but he has found a job at last, but i have worked out that from the benifits we get rent for £495 council tax for £97 jsa for £360 child benifit for £72 and child tax for £142 and about £28 for baby milk which equals to £1194 but when he starts working he'll get £1000 minus £150 tax which is £850 then £142 child tax and then £72 child benifit which equals £1064!!!! surely this CANT be right!!!!! just doesnt seem fair, when i fill in the online form to see if he apllys for working tax it says no?? and if he did it would only be bout £100 more which means he we either get less for him working or the same!!!!!!! what is this country doing!!
Additional Details
recheck my figures or rewrite my question!!! they are all correct!! i may be wrong on the working tax but if i am it will only up the income by a £100 which will work out the same ammount roughly as we'd be getting on benifits, he may even have to pay more then £150 on tax too!! its all right, just people dont realise how much people get on benifits, s**t really, its the reason why so many dont work! but my partners doing it in hope to earn more in a years time but untill then hes gonna hate being at work knowing he could earn more or the same whilst being at home!!!!!! also doesnt help that we have to privately rent coz the council wont help us and we cant afford to buy!! s**t reallt aint it!
                     
 




James
you get £1194 for doing fcuk all?? thats what doesnt seem fair.


Rachel
you will be entitled to child tax credit and/or working tax credit which will bump that up much more.

With this tax credit the country is trying to get people like you out to work...


Subic
Dont forget that he will also pay National Insurance of about £80.

The figures you quote look about right. And thats why the UK has such a problem with unemployed layabouts. 2 or 3 generations of these levels of payments, and we have entire communities that see it as a god-given right.

It can be very hard to get off benefits as working costs and deductions mean that you actually become worse off o0n most salaries under £18k per year. Theonly benefit is in keeping pride, self-esteem and employability.

I believe in a benefits system, but only as a safety net, and not as a way of life. So well done on not wanting to scrounge, and good luck in his new job and with the new addition to the family.


annabel m
Rating
its called the Poverty Trap and no political party has yet tackled it properly


laura_popple
Rating
I know what you mean. At the lower end of the spectrum it's no suprise people don't want to work as much. We used to be in your kind of situation, we'd be getting less each month if we worked.

So we didn't. For the first few months of our sons life (about 5/6) neither of us worked, we enjoyed spending all our time with our son. We didn't want or need 'luxuries' like nights out or takeaways or shopping for crap we didn't need.

and to be honest, we were alot happier to be able to spend all our time together.

Sorry, this is more of a ramble than an answer isn't it?


Diablo
when someone works full time the benefits system basically says that they are earning enough and thats that. You can apply for some kind of help with council tax/housing benefit on the grounds that you are a family on a low income but this is not guaranteed. also he should speak to someone about the working tax credits cos I thought you were eligible for that if you earned less than £15,000 but It might have something to do with your age as well


LEXY
You only get working family tax credits if you work 16 hours or more. So im not sure why he is getting £142 if he is not working at the moment.

He will be entitiled to working family tax credit. JSA does not last forever so in the end you will be better off.


morning star
Rating
Hate to tell ya girl, but you're better off on benefits. Had a similar situation myself, when I was a single mom. Went to work for 38 hours a week, at 8.00 per hour and ended up nearly 600 quid a month worse off. Unbelievable ain't it! It could only happen in this country.


Indy500
Rating
Giving you too much and unrealistic benefits.

Jesus wept. No wonder no-one wants to work. It's not YOUR fault - I wouldn't either!


emma g
that sounds about right.


♪¥Nicole¥♪
Child benifit will still pay you your weekly £16 (not sure how much one child gets) You will also still get your milk tokens as it is child bebefit that sends them not income support or JSA..
You can apply via council tax office thaat only one of you is working that there is a child & they usually give you a discount IF you work less than 16 hours If your partner works more than this you will have to pay full rent/council tax etc.
If your partner works 16 hours or less you get (with being on a low income)
help towards the rent
help towards the poll tax
& you can also apply for working tax credits so you actually will end up being better off or the same as you are now.

If your partner works more than 16 hour you have to
Surrender all of your benefits


Child benefit is paid for a child or a young person who is under 16 years old. To qualify for Child Benefit you must be responsible for a child who lives with you. You can also get Child Benefit if the child lives with someone else or is even in a different country. It’s a fact that Child Benefit for one child can go up to £1000 for the year. Lone parents usually get higher rate of Child benefits. You can claim Child Benefits regardless of whether you are employed or don’t have a job at the moment.


john l
Rating
What a quagmire. You are both young and are able to fathom( well as much as one can the gobbled-goog called benefit rules), what about the pensioners living on their own. Living in fear of overspending(overspending? joke)
In your case it seems you are definitely caught in the poverty gap.
Also the point raised about NI is absolutely valid. You will find it soon becomes a large hole in your deductions when working.
The government seems to assume that those returning to work will earn MP's pay levels. (of course even if you receive expenses and benefits in kind you will not receive their generous tax treatment.

Good Luck. Try to just plod on and hope things will improve.


SMGFAN
Well it is barmy i know. But the idea is that his salary should increase if he works hard and gets promoted and I'm sure with 2 mouths to feed he will (hopefully( be very motivated at his job and will start earning way more in the future. Take a long term view on this. You can help him making sure he is the first one throught the door of his new job each morning. Salary reviews this time every year, so you may not see any benefit for a year or so, but in 2 years time the money you get from him working will be more. Plus some benefits, like baby milk, will be gone in a few months as well.


howyagonnaknow
firstly good on yer man for not wanting to sponge. This country is a joke when it comes to benifits, I have worked all my life and it breaks my heart to think of the amount of people who will just say f**k it and keep claiming.

It sucks but don't join the other blood suckers of society


skybluecarp
check your figures or re-write your question


Mea
God you have it easy on benefits
Between myself and husband we work 58 hours between us Him 40 hour week myself 18 hours part time and we earn just over £1,200 a month after tax we get no help with mortgage,council tax child care or any thing we need to pay for everything school dinner bus fairs for kids,


jackie m
Rating
its worse if you are a single person earning the minimum wage = £180pw and have to pay rent and council tax.


lunah_c
Rating
Yep this sounds about right. Then they wonder why people can't be bothered to go and get work.
If there is no chance of a pay rise or a promotion in the next year or so or it is not his dream job it could actually be better for you if he didn't take it.
He could then look for something slightly better paid. Whether you would find it though is a different matter.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.004
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy