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Any ideas what our CTC entitlement might be?
Lisadp1970
Posts: 61 Forumite
Hi
I'm about to call the CTC people to renew our entitlement but I want to get an idea just what we may be entitled to, as they've messed up before and it's only down to the help of this board that we got it sorted!
Anyway a brief history regarding Family & income: -
We have 2 children aged 2 and 4, I'm a stay at home mum therefore do not receive any income except CHB.
My Husband lost his job on 31st January 2008 and we was in receipt of Contribution JSA & Income based JSA until he started his new job on 1st May.
Now comes for the confusing part, I know that if your current income is a lot less that the previous years you have to let them know, well my husbands total income for year 2007-2008 was £41300 plus £600 taxeable income from JSA.
His new annual income is £22500 of which he is only going to earn £20635 this year as he missed the first month of the new tax year.
Am I correct in thinking they will base our CTC's on his currant income and not what he earned last year?
Sorry if I've not made any of this very clear, please let me know if I need to verify anything.
Thanks
Lisa
I'm about to call the CTC people to renew our entitlement but I want to get an idea just what we may be entitled to, as they've messed up before and it's only down to the help of this board that we got it sorted!
Anyway a brief history regarding Family & income: -
We have 2 children aged 2 and 4, I'm a stay at home mum therefore do not receive any income except CHB.
My Husband lost his job on 31st January 2008 and we was in receipt of Contribution JSA & Income based JSA until he started his new job on 1st May.
Now comes for the confusing part, I know that if your current income is a lot less that the previous years you have to let them know, well my husbands total income for year 2007-2008 was £41300 plus £600 taxeable income from JSA.
His new annual income is £22500 of which he is only going to earn £20635 this year as he missed the first month of the new tax year.
Am I correct in thinking they will base our CTC's on his currant income and not what he earned last year?
Sorry if I've not made any of this very clear, please let me know if I need to verify anything.
Thanks
Lisa
0
Comments
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If you advise TCO of your estimated income for 2008/09 they will use this figure to calculate your new award. But be aware, if you earn more than the estimate you could be overpaid. Keep an eye on the earnings to date figure on the payslips and if you think your income will execede the estimate you should call TCO straight away to have the figure and award updated.0
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