CTC - using same year income rather than previous

[BabaTaz]

Not sure if my thread title makes sense but hoping someone can help.

Currently get of CTC for 5 month old DD.

Our joint income for 2010/11 will be just over £40k which I think means we will lose CTC for next year, however DH is due to give up work on 1st May to become a SAHD so our income will be considerably less then the £40k threshold.

Is there anyway around this - i.e. using the projected 2011/12 income, as the payments could make a big difference to our income or will we just have to wait until 2012/13 to claim again??

Off to give DD her dreamfeed so sorry if I don't get a chance to respond to any posts tonight.

Thanks

There is a provision for this and I think they call it a 'disregard'. If your income rises or falls by more than a certain amount then the award can be recalculated more quickly than waiting for the next tax year. Contact the tax credit people just before your circumstances change.

Thanks Chil, will give them ring in the next couple if months