tax credits

[crazycatlady81]

Was just thinking about this tonight so haven't had the chance to phone and ask for information so thought I would see if anybody here knows

I receive child tax credits for my baby (not working tax credit as I am on unpaid maternity leave therefore not classed as working).

I go back to work in the summer and I expect to earn £20k+ in tax year 2014/2015 therefore get little if any tax credits.

Does this mean that while I don't receive a wage I will get the very small amount of tax credits only?

They are assessing the credits I receive just now on my estimated income for 2013/2014 and I am getting a good amount because of my reduced wage (enough to help support me alongside my savings).

Sorry i messed up the years should be £20k+ for 2015/2016

And the reduced income in 2014/2015

I don't understand what you are asking? Do you want to know if you will still receive tax credits on a wage of 20k?

If next years income is going to be more than £5000 higher than this years income then the figure they will use to calculate next years tax credits will be your actual income for 2015/2016 less an income rise disregard of £5000. The following year they will use the full £20k figure to calculate your tax credits.
Have you deducted £100 from each week of your Maternity pay when calculating your income for tax credit purposes this year?

Sorry to be clearer I am on unpaid leave and will be for 3 more months. My first wage after going back to work won't be until end of June.

Does this mean in april and May of this year I won't get any tax credits because my income is going to be£20k+ for 2015/2016.

It's just so that I can budget for these months. It's very tight with no income and I am heavily relying on these benefits.

Dh and I earned £29k together and still qualified for about £20 per week (iirc) different now as my income is non taxable so doesn't get included but when it did we still qualified for something .

You will get tax credits for April and May. Your tax credit award is largely based on your previous years income.

You will get some tax credits for the whole of 2015/2016 because at most your assessable income will be £15k due to the £5k income disregard.

You don't get ANY tax credits if you take the full 52 weeks with last three months being unpaid so just remember to factor that in.

Of course you do carrie. You're still employed. (if of course you are employed rather than SE).

OP, you'll still get tax credits after April because you'll still have an income from the year before or an estimated income for the year we're in.

No not for the last three months, that's why lots of people either return after the 39 weeks or become self employed for the last three months. I went back after 39 (well was only 26 when I had my eldest) as that is what tax credits told me when I returned to work again last year?

I had tax credits all year round when I was on maternity leave. They were aware I was taking a year off and what my income was.

Working tax credits stop after 39 weeks but will resume once OP returns to work. Child tax credits will continue throughout. Don't forget that there are different elements to tax credits.

The 39 week rule only applies to single parent households or those where the person not on mat leave works less than 24 hours per week which is why it might not have affected other posters.

Ahh, that's why for me then as I am a single parent and I work 18 hours a week