We like everyone else get tax credits largely as we work part time (full time child care is definitely not an option!)as have three young children and pay 50% of our income on childcare costs in order to enable us to work and pay taxes, NI
Etc. and not be called scroungers. If I didn't work our net monthly income would cover our
Mortgage, council tax, utilities, and leave us with £200 per
Month assuming no unexpected costs arose such as a plumbing leak etc. We would probably be better off on benefits if that were the case. You don't get tax credits for nothing. We are probably about £200 per
Month better off with both of us working than if my partner was the only one at work. At least we are this way able to pay into our pensions and keep our skills alive in the job Market. Glad you all think we are all so well off and that you all clearly ran your finances a lot better but you can take comfort that our credits have already reduced by £130 per month as of April with more to follow. To be honest, I do feel like exploring giving up work as often it seems a lot of grief for little gain in the short term.