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Advice re 50+ element working tax credit


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Would really appreciate any advice. I started work Dec 2011 after being on incapacity benefit for 5yrs due to cancer. I know I am very fortunate to be in employment. I have been in receivership of the 50+ element working tax credit. I earn £1303pm before tax-take home pay is 1,057.00. Tax credits is £202pm. I am not whinging but I have absolutely nothing left after I pay my mortgage plus bills. I have no children living at home. I have now been informed that the 50+ TC has been discontinued.

I would appreciate any assistance. I cannot down size as I live in a flat.. My work is local and I have no fares to pay. Many Thanks

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The 50+ element was abolished from April 2012.

 

You should still get a small amount of Working Tax Credits.

 

Can you look on here for a sub forum on ideas to maximise your income or could you look at MoneySaving Expert - there are a lot of good ideas on there about saving money on day to day bills.

 

The ones off the top of my head are:

 

Council Tax 25% discount

Only having the elec/gas on when needed (a lot of people have the immersion on 24/7

Water meters

Cutting back on Sky/Virgin

Phone bills - do you need mobile and home phone

 

Also cutting back on food etc and cooking from scratch - could you order from Approved Foods - they have past date food which is still brilliant quality for really cheap prices.

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