My brain is scrambled trying to figure things out and I'm just confusing myself further by reading up etc.
A Little background; my husband and I have 3 children ranging from 2-6, no childcare, no wtc. My husband has always worked 30+ hours and has been in the same employment forever. I was a SAHM and only returned to work 6 ish weeks ago working 12hrs a week.
2011-2012 underestimated our income by approx £4-£5k and have been paying back the overpayment this year through reduced ctc payments.
2012-2013 estimated £29500. Actual earnings £31000
2013-2014 estimated earnings will be £35500
I've been to entitled2.com and input details and I *think* we'll have been overpaid by approx £520? Anyone know if I'm in the right ballpark?
I called tax credits last week to let them know I started working at the very end of April 2013. They said my renewal had been sent to me on may 19th. I asked if I could renew over the phone then but they said I have to wait until the envelope arrives then I can call and renew. Seems a bit odd but hey ho if that's how it needs to be done, fair enough! I just want to make sure I'm budgeting correctly from now on so as not to spend any further overpayments.
I hope this made sense ?!
A Little background; my husband and I have 3 children ranging from 2-6, no childcare, no wtc. My husband has always worked 30+ hours and has been in the same employment forever. I was a SAHM and only returned to work 6 ish weeks ago working 12hrs a week.
2011-2012 underestimated our income by approx £4-£5k and have been paying back the overpayment this year through reduced ctc payments.
2012-2013 estimated £29500. Actual earnings £31000
2013-2014 estimated earnings will be £35500
I've been to entitled2.com and input details and I *think* we'll have been overpaid by approx £520? Anyone know if I'm in the right ballpark?
I called tax credits last week to let them know I started working at the very end of April 2013. They said my renewal had been sent to me on may 19th. I asked if I could renew over the phone then but they said I have to wait until the envelope arrives then I can call and renew. Seems a bit odd but hey ho if that's how it needs to be done, fair enough! I just want to make sure I'm budgeting correctly from now on so as not to spend any further overpayments.
I hope this made sense ?!