My husband and I receive child tax credits for ourselves and 2 children, luckily recently he has been promoted at work and has got a payrise of £8,000 more a year :j
From what I have read I have confused myself lol, if i have understood correctly, ctc are calculated from the previous years earnings and there can be a discrepency of £25k before it effects this years payment.....is this correct? or will we have been overpaid and owe them money?
Also when should we inform them ...at the end of the financial year when we have to send in the usual p60 values or do we tell them now what it should be working out so many months on new salary til April etc?
Thank you for your help x
From what I have read I have confused myself lol, if i have understood correctly, ctc are calculated from the previous years earnings and there can be a discrepency of £25k before it effects this years payment.....is this correct? or will we have been overpaid and owe them money?
Also when should we inform them ...at the end of the financial year when we have to send in the usual p60 values or do we tell them now what it should be working out so many months on new salary til April etc?
Thank you for your help x
