M
mreg
Guest
Age: 29
Spouse’s/Partner's age: 31
Annual gross income from employment or profession: 26,000
Annual gross income of spouse: 60,000
In general are you:
(a) spending more than you earn, or
(b) saving? B Saving
Other borrowings – Mortgage 750 per month
Rough Monthly Out Goings
Shopping 1,200
Creche (*for 3 children*) 1,600
Direct Debits Broad band,
Insurance etc 400
Miselaneous 500
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card?
Savings and investments: 70,000
Do you have a pension scheme? Yes
Ages of children: 3, 2 and 4 months
What specific question do you have or what issues are of concern to you?
I am currently on maternity benefit with our third child. At this point it’s obvious to us that I will not be able to return to work full time and still run a home. My husband works long hours and is often away so for him to help more is not an option.
I am not good with tax bands and working out take home pat etc so I am hoping you can help.
(a) If my employer was to allow me to have a three day week how would this impact my take home pay and the tax credits available to me and my husband. Will there be actually much of a difference to what we take in today.
(b) It is rumoured that there could be a redundancy in my department there is a chance that it could be me. I’m not sure if this would actually be a good thing or a bad thing for me. I am nearly 10 years in my current position so I would get a lump sum. Getting another job would be difficult so I am wondering would I be eligible to collect the dole or whatever it’s called now until I could source a new job.
I would appreciate any help you could give me
Spouse’s/Partner's age: 31
Annual gross income from employment or profession: 26,000
Annual gross income of spouse: 60,000
In general are you:
(a) spending more than you earn, or
(b) saving? B Saving
Other borrowings – Mortgage 750 per month
Rough Monthly Out Goings
Shopping 1,200
Creche (*for 3 children*) 1,600
Direct Debits Broad band,
Insurance etc 400
Miselaneous 500
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card?
Savings and investments: 70,000
Do you have a pension scheme? Yes
Ages of children: 3, 2 and 4 months
What specific question do you have or what issues are of concern to you?
I am currently on maternity benefit with our third child. At this point it’s obvious to us that I will not be able to return to work full time and still run a home. My husband works long hours and is often away so for him to help more is not an option.
I am not good with tax bands and working out take home pat etc so I am hoping you can help.
(a) If my employer was to allow me to have a three day week how would this impact my take home pay and the tax credits available to me and my husband. Will there be actually much of a difference to what we take in today.
(b) It is rumoured that there could be a redundancy in my department there is a chance that it could be me. I’m not sure if this would actually be a good thing or a bad thing for me. I am nearly 10 years in my current position so I would get a lump sum. Getting another job would be difficult so I am wondering would I be eligible to collect the dole or whatever it’s called now until I could source a new job.
I would appreciate any help you could give me