Hi,
I've just spoken to Tax Credits as I phoned them with a change in circumstances at the weekend (no renewal received as yet). I made in claim in December 2012 when my husband and I separated and they based it on my income for 2011/12, which was £8676. I was worried about overpayments because my income for 2012/13 would be £16,506 (now confirmed from my March wage slip YTD figure). They assured me that they ignored £10,000 which seemed strange but the lady was very insistent. I gave new wage details from 1st April at the weekend with a yearly wage of £15,390. They have sent me a letter stating I am due £177 every 4 weeks for WTC (based on 25 hours per week) & £469 every 4 weeks for CTC. I phoned to query it as they have based my wage on £10,390 which confused me. They said there is a £5,000 disregard but will there still be the £10,000 disregard on the original claim? The conversation was very confusing & now I'm worried to spend my Tax Credits (even though I need to) in case I get a big overpayment. Can anyone advise if the figures seem correct in their experience?
Sorry for waffling but not sure where else to ask for advice.
Many thanks in advance.
I've just spoken to Tax Credits as I phoned them with a change in circumstances at the weekend (no renewal received as yet). I made in claim in December 2012 when my husband and I separated and they based it on my income for 2011/12, which was £8676. I was worried about overpayments because my income for 2012/13 would be £16,506 (now confirmed from my March wage slip YTD figure). They assured me that they ignored £10,000 which seemed strange but the lady was very insistent. I gave new wage details from 1st April at the weekend with a yearly wage of £15,390. They have sent me a letter stating I am due £177 every 4 weeks for WTC (based on 25 hours per week) & £469 every 4 weeks for CTC. I phoned to query it as they have based my wage on £10,390 which confused me. They said there is a £5,000 disregard but will there still be the £10,000 disregard on the original claim? The conversation was very confusing & now I'm worried to spend my Tax Credits (even though I need to) in case I get a big overpayment. Can anyone advise if the figures seem correct in their experience?
Sorry for waffling but not sure where else to ask for advice.
Many thanks in advance.