Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

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 credits question

6 replies

Linnet · 10/10/2022 14:21

Our dd finished school this year so the tax credits we received finished in September.

Will we receive a letter/renewal pack next year, to check our finances or do we never hear from them again as our claim is finished and presumably closed down?

OP posts:
Lougle · 10/10/2022 15:14

Is she going on to college? You should have been sent a notice that they would stop unless you tell them she's continuing in education.

If they are stopped, then you'll get a final check that you haven't been overpaid or underpaid.

Linnet · 10/10/2022 15:42

Yes, she’s gone to uni. Our last letter from them said payments would stop in September as she’s no longer in education. Which is what’s happened so that’s fine.

Since they will send a final check letter then, if I or my husband increase our hours at work or move to a new job do we have to tell them? Even though payments have now stopped and any increase in income would be after they stopped paying us?

OP posts:
Guardsman18 · 10/10/2022 15:44

I could be wrong but I seem to remember a friend of mine had tax credits until her child was 20 and in full time education. Might that still be the case?

Linnet · 10/10/2022 15:57

My dd is doing a degree, you can’t claim tax credits if they do a degree in further education. I think if they go to college and do anything up to an HNC or D you can claim tax credits.

OP posts:
Linnet · 10/10/2022 21:46

Bump for evening crowd

OP posts:
Lougle · 10/10/2022 22:14

It's based on financial years, so your income up until April 2023 will still be assessed to see if the amount you were paid from April 2022 until September 2022 was the right amount. If your income increases significantly (>£5k) compared with last year, you may find that you have an overpayment.

New posts on this thread. Refresh page