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Original poster

Tax credits - drop in income

2 replies

weakestlink · 18/07/2013 21:03

Can anyone explain the £2500 disregard for drops in income for me please?

If our income
2012/13 was £25.5k
2013/14 will be £19.5k

So award for
2013/14 will be based on £22k?
2014/15 will be based on actual earnings of 19.5k or still £22k?

I am trying to work out if we will receive the childcare element so I can go back to work following ML.

OP posts:
CogitoErgoSometimes · 19/07/2013 09:26

The new award will be based on the lower earning figure, provided you tell HMRC.

Original poster
weakestlink · 20/07/2013 19:27

Thank you. That is very helpful.

OP posts:
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