Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

tax credit question

3 replies

smirnoff861 · 12/10/2013 14:57

Hi
Im filling in my first ever tax credit form and am a bit confused. It asks for the amount we earnt last tax year which is fine. According to the tables that is too much to get tax credits which again is fine. But this year we earn a lot less as im on maternity pay so would be entitled to tax credits I think? So basically do we get nohing this year, then next year get tax credits based on our earnings this year, even though when i go back to work our wage will go up again but we would still be due credits as we will be paying childcare then and im not going back full time. Or am i just getting it all very confused and mixed up?
Thanks!

OP posts:
Georgethesmartestgiant · 12/10/2013 15:54

Fill in the form with your earnings from the last tax year. You will get a letter saying you're not entitled. You then need to ring them up and give them an estimate of your earnings for this tax year and they will recalculate your award. Once you go back to work ring them with your childcare costs and they will recalculate again

smirnoff861 · 12/10/2013 16:22

That's Brill thank you! I guess we have to fill in a form every year? So next year when we get our earnings for this year and they are a lot lower than next year would I then phone them again with a higher estimate?

OP posts:
bimbabirba · 12/10/2013 17:51

What George said is spot on :-)

New posts on this thread. Refresh page
Swipe left for the next trending thread