Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • adam81
    • By adam81 13th Jan 18, 8:30 PM
    • 229Posts
    • 59Thanks
    Tax Credits - New Situation
    • #1
    • 13th Jan 18, 8:30 PM
    Tax Credits - New Situation 13th Jan 18 at 8:30 PM
    I'm due to start a new job soon which will be a fairly significant drop in pay over my previous job. In my past situation I was not eligible for tax credits, but the new salary will mean I will be entitled to them.

    I've completed the calculation online, assuming my new salary and it shows a 4 weekly credit amount of £185. However the online figures it request are for 2016-7, for which I would not be eligible for any payments.

    Am I able to start a claim for payments when I begin my job, or would I need to wait for a complete tax year to pass first?

Page 1
    • landlord2016
    • By landlord2016 13th Jan 18, 8:45 PM
    • 46 Posts
    • 4 Thanks
    • #2
    • 13th Jan 18, 8:45 PM
    • #2
    • 13th Jan 18, 8:45 PM
    Request for online tax credit application form. When the form arrives , fill the form and return to hmrc.

    After three weeks , contact HMRC and request to calculate tax credit based on current tax year income.
    • Darksparkle
    • By Darksparkle 13th Jan 18, 9:01 PM
    • 4,939 Posts
    • 3,210 Thanks
    • #3
    • 13th Jan 18, 9:01 PM
    • #3
    • 13th Jan 18, 9:01 PM
    Tax credits is based on the previous year!!!8217;s income unless the current year income increases/decreases by £2,500.

    Eg last year £20,000 this year £10,000 tax credits calculated on £12,500

    As said, complete the claim form and call once processed to report a change to this year!!!8217;s income.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

178Posts Today

1,305Users online

Martin's Twitter