Hi
I have just received my notice giving the amount of tax credits I am going to receive for 2013/14.
My earnings are underestimated by approx £2k because I started a new job last year and this will be the first full tax year for a while that I have been working.
Reading the notice it seems to suggest that my tax credits for 2013/14 are based on my earnings for 2012/13 and the increase in salary wont affect me until April 2014. Is this correct?
I am going to ring them on Monday anyway, I dread the thought of being overpaid but it would be nice to know the answer before then, if anyone can help I would be grateful!
I have just received my notice giving the amount of tax credits I am going to receive for 2013/14.
My earnings are underestimated by approx £2k because I started a new job last year and this will be the first full tax year for a while that I have been working.
Reading the notice it seems to suggest that my tax credits for 2013/14 are based on my earnings for 2012/13 and the increase in salary wont affect me until April 2014. Is this correct?
I am going to ring them on Monday anyway, I dread the thought of being overpaid but it would be nice to know the answer before then, if anyone can help I would be grateful!