by RMC on Sun Oct 30, 2011 7:30 pm
Tax credits will be replaced by the Universal Credit, to be phased in between 2013 - 2018. The legislation has not been finalised yet but there is plenty of information on the subject on the web. According to a government statement, nobody claiming TCrs should be worse off under UC.
Regarding the £5,000: From April 2013 disregard for income rises is reduced to that amount.
Hope you'll find suitable job soon, so you can start claiming working tax credit.