Wife currently works 24hr/week. Boys go to nursery, bill is big, (£900 / month), but Childcare element of tax credit offsets some of that; so all in all life is ok. Wife works, which she likes, so we're contributing to the economy etc etc, & the Childcare tax thing takes away some of the childcare costs for us, there by giving us an incentive for the Wife to work. Its not great, but it means we are contributing instead of sponging benefits etc.
Wife's now been told her jobs redundant unless she goes full time.
Of course she'd take home more cash, which is nice, but there's no corresponding increase in the Childcare tax thing. So basically the wife does more hours, & pays more tax, but she gets nothing in return for doing it.
Actually, she will, as she will take home an extra £14 per week, of which £10 of that will go on the fuel to get there.
Don't know why we bother. Surely if people want to work, & contribute this great economy, there should be some incentive to do so.
Yours.
Dis Illusioned.
