Tax Credits Advice Please

pbsmiles
pbsmiles Posts: 102 Forumite
in Benefits & tax credits
Hello

I have never been in a position to claim, however last year I went part time and my earnings dropped so this tax year should product about 22k earnings. I have been sent through the claim form, can you advise me on the best tips when completing it and is there anything that i should look out for. The previous year I earned 33k so I need to really stress that my situation has changed.

Thank you.

:T:T:T:T:T:T:T
«13

Comments

  • Dazed_and_confused
    Dazed_and_confused Posts: 6,458 Forumite
    Uniform Washer
    Top tip: Read the notes

    Top tip 2:. Be accurate, particularly with details of last year's income

    Top tip 3: Expect your award to be based on £33000.

    Top tip 4: AFTER you have received your award advise tax credits of your current circumstances
  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    If you don't know, ask. Don't try to guess.
  • pbsmiles
    pbsmiles Posts: 102 Forumite
    Dazed_and_confused wrote: »
    Top tip: Read the notes

    Top tip 2:. Be accurate, particularly with details of last year's income

    Top tip 3: Expect your award to be based on £33000.

    Top tip 4: AFTER you have received your award advise tax credits of your current circumstances

    Why would I wait to tell them change of circumstance when its already happened?
  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    If you have a look at the form, it only asks you for last year's income.
  • Dazed_and_confused
    Dazed_and_confused Posts: 6,458 Forumite
    Uniform Washer
    Have you read the claim form?

    If so what income does it ask for?
  • pbsmiles
    pbsmiles Posts: 102 Forumite
    Darksparkle wrote: »
    If you don't know, ask. Don't try to guess.

    What do you mean by this please clarify
  • andrewmp
    andrewmp Posts: 1,754 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    pbsmiles wrote: »
    Hello

    I have never been in a position to claim, however last year I went part time and my earnings dropped so this tax year should product about 22k earnings. I have been sent through the claim form, can you advise me on the best tips when completing it and is there anything that i should look out for. The previous year I earned 33k so I need to really stress that my situation has changed.

    Thank you.

    :T:T:T:T:T:T:T

    Presuming you earn £22k this coming year, your claim will be based on £22k + £2500. For the purposes of tax credits, your income will £24,500. So i you want to work out roughly what you'll be entitled to, put your income in as £24,500.
  • Dazed_and_confused
    Dazed_and_confused Posts: 6,458 Forumite
    Uniform Washer
    Disagree, the claim will be based on £33000.

    Op can then update income with tax credits and the revised claim will be based on current year income plus disregard.
  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    Dazed_and_confused wrote: »
    Disagree, the claim will be based on £33000.

    Op can then update income with tax credits and the revised claim will be based on current year income plus disregard.

    Correct.

    The initial claim will be based on 2015/16 as per the claim form and the OP will be required to contact HMRC once the claim has processed to report a change to 2016/17 income.
  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    pbsmiles wrote: »
    What do you mean by this please clarify

    In answer to your question "can you advise me on the best tips when completing it"

    Do you have children or any disabilities?
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