We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Child Tax Credits - How Much?
Ms_Chocaholic
Posts: 13,450 Forumite
Hi
I'm posting on behalf of a friend who is presently struggling completing the forms for CTC and, although I've searched online, I can't find the info I needed so here I am
My friend (and her partner) have one child (2 months). Their problem is that my friend's partner has been self-employed and PAYE (at separate times) (as well as working on commission now too) and they are trying to work out their income for the claim.
Is there a table anywhere showing that if you have one child and earn up to £x you get £x, up to £x you get £x etc etc. They would rather put their estimated income in the slightly higher bracket (ie to get less CTC) so they don't have to repay or have their payments reduced the following year.
Thanks
Ms C x
I'm posting on behalf of a friend who is presently struggling completing the forms for CTC and, although I've searched online, I can't find the info I needed so here I am
My friend (and her partner) have one child (2 months). Their problem is that my friend's partner has been self-employed and PAYE (at separate times) (as well as working on commission now too) and they are trying to work out their income for the claim.
Is there a table anywhere showing that if you have one child and earn up to £x you get £x, up to £x you get £x etc etc. They would rather put their estimated income in the slightly higher bracket (ie to get less CTC) so they don't have to repay or have their payments reduced the following year.
Thanks
Ms C x
Thrifty Till 50 Then Spend Till the End
You can please some of the people some of the time, all of the people some of the time, some of the people all of the time but you can never please all of the people all of the time
You can please some of the people some of the time, all of the people some of the time, some of the people all of the time but you can never please all of the people all of the time
0
Comments
-
-
The income bveing asked for on the claim pack is for the tax year 2007/08 so they dont need to estimate anything really. They should be able to work out their ACTUAL income details between 6th April 07 until 5th April 2008.0
-
Yes the claim pack asks for last years, but I'd recommend they also try and work out an estimate for this year -- and phone that in as soon as they get their award notice. The reason for this is that if you income for THIS year is lower they will adjust your tax credits NOW...... and if the new Mum had a salary coming in last tax year but is now on SMP the chances are it WILL be lower.Cheryl0
-
I agree with cw18 - work out a current year estimate for when the claim has processed. But make sure to get last year's figures on the form and get it sent in as soon as possible to get the claim processed.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards