Talk

Advanced search

Mumsnet has not checked the qualifications of anyone posting here. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

how do I work out my earnings for tax creds

(5 Posts)
MoneyHelp Sat 22-Oct-11 11:52:06

when my hours have changed part way through the claim year?

i've named changed as i don't want you lot knowing my financial affairs! grin

when i renewed i was working 27.5 hours a week at £9.28 an hours.

as of october 10th this year my hours changed to 22 a week at £9.67 a week.

I called tax creds on the 10th to inform them and they have send me a new reward and it's £10 less a week hmm

just called them and although they have noted my new hours/rate of pay they have not changed my annual earnings.

i have to call them back with the new figure. i.e what i will have earned from april 2011-april 2012

ideally I would have kept it as is and just had a lump sum payment at my next renewal, but im struggling atm and even losing that tenner a week is going to be a struggle.

my mind is just blank on how to work this one out. please help!

TIA

MoneyHelp Sat 22-Oct-11 11:59:52

.

MoneyHelp Sat 22-Oct-11 12:11:13

no one?

might post in chat.

CogitoErgoSometimes Sat 22-Oct-11 12:42:34

Benefits Checker

Very rough calculation.
You earned £255/week for 28 weeks = £7145.60
You will earn £212/week for the remaining 24 weeks to April 2012 = £5105.76
Total earnings for 2011/12 (approx) 12251.36

If you put £12.251 into the Benefits Checker above, you'll be able to judge if the new award is accurate and also tell HMRC.

MoneyHelp Sat 22-Oct-11 13:00:06

thank you so much. I knew it would be simple but could just not get my head around it!

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now