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Tax credit, do they owe

(8 Posts)
Itsallaboutme3 Sat 06-Jun-15 14:45:44

Just renewed and i underestimated my salary by £700? Does that mean i will get something backdated? Really hope so as i am struggling at the minute

LIZS Sat 06-Jun-15 14:52:00

If you underestimated won't you owe them ?

Itsallaboutme3 Sat 06-Jun-15 14:54:24

Not sure, I'm confused, last year was my first year claiming. I estimated my income at 12,000 when it was 11,200? Will that make any difference?

LIZS Sat 06-Jun-15 15:07:55

So you overestimated! It probably won't make a lot of difference.

HollyJollyDillydolly Sat 06-Jun-15 15:12:06

We've just had our renewel form through and the amount stays the same as long as our incomes are within an 8k bracket so you might find it won't make much difference for you either.

Itsallaboutme3 Tue 09-Jun-15 15:44:13

Oh no £8000 is a big bracket, i was hoping they might owe me something

bobs123 Tue 09-Jun-15 16:11:36

I got more when I revised my pay down by 2-3,000. You might get something back and this will be credited an notified when you get you letter from them

Itsallaboutme3 Tue 09-Jun-15 16:22:15

Thanks bobs - i hope so!

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