This is all very hard to stomach. Could someone please explain how much I will lose in my pay come January?
I am a single dad, not the primary care giver. I have a job. I found out last night reading the journal that I will lose my tax credit for being a single parent but was not aware of a change in the bands or is this the same thing?
@mandelbrot just to explain why this credit is important to people like myself. I live in a two bedroom apartment. The second bedroom is my son's room. With the help of the credits I received from this tax allowance I was able to just about make ends meet between paying for bills, pay his mother maintenance, rent, travel to and from my son's primary home 120miles each way. Keep clothes on his back as well as food etc. I am also his primary care giver for over 1 month in the year. The net result for me here is that I may be forced to rent out his room to make ends meet and he will share with me. This is not an ideal environment to raise a child, wouldn't you agree?
You mention that I will still get on average 50% more tax credit than a cohabiting married couple, this is not true for the majority of single dads whose ex-partners will be awarded the entire credit. Hardly a fair deal for many working, single dads.