XP - Desperately Need Help - No idea what to do!

debt_doctor

As Scarlett says, do the tax credits thing straight away, and your other benefits. I dont use entitled to calculator, I use benefit tables and formula ( dull I know ! )

I do hear that entitled to is very good, but I have to say I dont agree with the findings of council tax and housing benefit in your case.

Claim for all benefits anyway.

Best

DD

Urgent_HELP_needed

Scarlett.1974 wrote: »

I don't know too much about how tax credits work (does anyone really? do tax credits themselves know how they work?!) but I can't see why you shouldn't be able to claim what you're entitled to? I had a rather large overpayment from them from 2003 for £2k and was paying it back at a rate of £10 per month (was all I could afford)...... it NEVER effected my current/previous claims at all.

The reason they weren't sure was because I'm behind with my tax and NI payments. They also said that if we were sucessful we would need to pay back the 2.5k over 12 months or enter into a Debt management company

debt_doctor

Tax credits is based on your gross income of the previous tax year which is then compared to your working and child tax credit allowances. If your earnings for last tax year were £ 6500 then that is very close to the 'threshold figure' which means maximum entitlement, so you simply add up all your allowances and divide by 52 to get a weekly figure.

If your income is greater than the threshold figure then a 'taper' is applied reducing the tax credits as income increases.

You are most definately entitled to tax credits and make sure you get your 3 month backdate.

DD

debt_doctor

Urgent_HELP_needed wrote: »

The reason they weren't sure was because I'm behind with my tax and NI payments. They also said that if we were sucessful we would need to pay back the 2.5k over 12 months or enter into a Debt management company

The 12 month rule is the standard rate of collection. When they send out the demand you write back making an offer you can afford and enclosing a financial statment.

shadowdragon

Cant add anymore that whats been said already apart from "Welcome aboard". Theres plenty of people around to help guide you through your predicament.

Chin Up

Shadowdragon.

MammaCas

Hiya

Just really to add to what everyone else says - def. get the TC claim in and as DD advised, write them a letter with an offer of repayment that takes your circumstances into consideration.

You will find lots of help and support on here. The hardest thing in my experience was facing reality. Once I knew that BR was the only option, the only other thing that was really hard was losing our home.

Keep posting and take care

MC x

sandywindsor

totally agree with my good buddies advice
I have tax credits!!( my son is now 22!)
Not been in aposition to repay due to income..has always been deffered to next year..I have now included in BR..as I am Unemployed cannot see any repayment.i have some knowledge of self-employment etc if I can help PM me

Sandy
X

Urgent_HELP_needed

debt_doctor wrote: »

Tax credits is based on your gross income of the previous tax year which is then compared to your working and child tax credit allowances. If your earnings for last tax year were £ 6500 then that is very close to the 'threshold figure' which means maximum entitlement, so you simply add up all your allowances and divide by 52 to get a weekly figure.

If your income is greater than the threshold figure then a 'taper' is applied reducing the tax credits as income increases.

You are most definately entitled to tax credits and make sure you get your 3 month backdate.

DD

My self emplyed earnings for last year were around 6.5K but I then became an employee in Novemeber and started earning my current wage so by April my full years earning were more like 12.5K. Just to double check am I still entitled to claim even though my tax and NI is not up to date.

Urgent_HELP_needed

debt_doctor wrote: »

The 12 month rule is the standard rate of collection. When they send out the demand you write back making an offer you can afford and enclosing a financial statment.

Thanks I'll do that when we get it sorted then.

Urgent_HELP_needed

Just wanted to say thanks to everyone else who's taken the time to reply and offer support. It's overwhelming!