I am just filling out a new claim for as i have had some changes in my circumstances and tax credits said i need to make a new claim. Anyway i was reading the bit where it said income from apr 2009 - apr 2010 and it said you can deduct the first £100 from smp of your total earnings amount - i didnt know this (it doesnt apply yet anyway).
Thing is my smp starts today (18th oct) for 39 weeks so does that mean when i renew next year i can deduct £2500 from my total income? (25 weeks from now til april) If this is the case after i've renewed i'll end up with more tax credits wont i as it'll have the £2500 missing?
Also (sorry to be a pain) it doesnt ask for an estimate for next years earnings so do i send of this claim for then ring them up as tell them my estitmate income for 2010/2011? Do i give them the figure with my smp at £100 a week deducted from my total earnings?