Hi there,
I would really appreciate some help with this! I have just renewed our tax credits over the phone but the operator was very unsure and needed to check everything, she kept leaving me on hold and coming back, so I thought I would ask here (the renewal was put through eventually).
My husband pays into a pension through his work but he pays the same amount every week, it does not alter if he works overtime. Looking at his wage slip for week 53, the total gross pay to date is the same amount that is on his P60. The amount of pension he has paid for the year is listed below that amount, along with the NI and tax paid. Should the pension paid be deducted from his gross pay amount for tax credits purposes? The operator went away twice and eventually said that she thought not and it was not deducted.
I pay a small amount monthly into a stakeholder pension but am not in employment, I am a full time carer and receive carers allowance. She said that the pension payments I make are not deductible from my income as taxable benefits do not count as income in the same way that wages do.
Does all of that sound correct please? I just want reassurance that it was done correctly I guess as the person doing the renewal seemed so unsure of everything!
Thank you for any help :)
I would really appreciate some help with this! I have just renewed our tax credits over the phone but the operator was very unsure and needed to check everything, she kept leaving me on hold and coming back, so I thought I would ask here (the renewal was put through eventually).
My husband pays into a pension through his work but he pays the same amount every week, it does not alter if he works overtime. Looking at his wage slip for week 53, the total gross pay to date is the same amount that is on his P60. The amount of pension he has paid for the year is listed below that amount, along with the NI and tax paid. Should the pension paid be deducted from his gross pay amount for tax credits purposes? The operator went away twice and eventually said that she thought not and it was not deducted.
I pay a small amount monthly into a stakeholder pension but am not in employment, I am a full time carer and receive carers allowance. She said that the pension payments I make are not deductible from my income as taxable benefits do not count as income in the same way that wages do.
Does all of that sound correct please? I just want reassurance that it was done correctly I guess as the person doing the renewal seemed so unsure of everything!
Thank you for any help :)