Tax credits arrrrghhhh

[Lonelybunny]

Basically last year we had third child so I added her to our claim and told them I estimated my earnings to go down by around £500 pm . Just got our renewal thru we earned £40,000 combined , obv a lot of this was when I was still working. According to the HM website table we aren't entitled to anything ? So everything they've paid me for a year we weren't entitled to ! we in trubbs aren't we :(

Anyone ?

£40,000 is too much to entitle you to tax credits so you will have to pay back what you got over the year.

have your earnings now dropped below the threshold for tax credits? They will take back some of the overpayment by offsetting against the amount you would be paid this year (if your earnings are now less and you are entitled to more tax credits). The rest of what is owed can be paid back in instalments.

Did you include the maternity leave disregard when working out your income?

I told them an estimate but obv that won't show till next year as half the year I was still on full time money