Child Tax Credit renewal award

Mags269

Thanks, Jo.

We do not qualify for working tax credit as I understand that even though my OH works @ 40 hours per week, I only work 15, so I think it's just the child tax credit that we qualify for.

We have 3 young children.

I just hate all this having to esimate what your wage will be for this year nonsense - I mean, how on earth can you predict what will happen next week, let alone for the rest of the year? ! !

kurjam

Mags269 wrote: »

Thanks, Jo.

We do not qualify for working tax credit as I understand that even though my OH works @ 40 hours per week, I only work 15, so I think it's just the child tax credit that we qualify for.

We have 3 young children.

I just hate all this having to esimate what your wage will be for this year nonsense - I mean, how on earth can you predict what will happen next week, let alone for the rest of the year? ! !

i dont understand how they work wtc out.
we have a combined income of £24k and have been told we are entitled to wtc, but i know we are over the threshold to get wtc, maybe someone knows how they work this out....

Mags269

Re: to qualify working tax credit, I think both of you have to work at least 16 hours a week. I'm not sure that income comes into it, I have a feeling it's down to how many actual hours you work. I did look into this as I wanted to see if we could get extra help as our youngest has started going to pre-school and doesn't receive funding until he is 3 years & 3 months. I then found that we weren't entitled to funding as that comes under Working Tax Credit & you have to work 16 hours a week to qualify for it (I work 15 and miss out by a paultry hour!)

Does anyone know if I've got this right?

Lovaabargain

Mags269 wrote: »

Thanks, Jo.

We do not qualify for working tax credit as I understand that even though my OH works @ 40 hours per week, I only work 15, so I think it's just the child tax credit that we qualify for.

We have 3 young children.

I just hate all this having to esimate what your wage will be for this year nonsense - I mean, how on earth can you predict what will happen next week, let alone for the rest of the year? ! !

If your combined income is low enough then you will definitely be entitled to WTC - we got it last year when I was working 15 hours a week & dh was working 40 hrs a week.

hth

kurjam

dont know how they assessed mine then coz £24k is surely to much income for wtc.

kurjam

Mags269 wrote: »

Re: to qualify working tax credit, I think both of you have to work at least 16 hours a week. I'm not sure that income comes into it, I have a feeling it's down to how many actual hours you work. I did look into this as I wanted to see if we could get extra help as our youngest has started going to pre-school and doesn't receive funding until he is 3 years & 3 months. I then found that we weren't entitled to funding as that comes under Working Tax Credit & you have to work 16 hours a week to qualify for it (I work 15 and miss out by a paultry hour!)

Does anyone know if I've got this right?

yes to get the childcare element of tax credits you have to work 16+ hours per week, could you not get 1 extra hour from your employer....??

woozywendy

Mags269 wrote: »

Re: to qualify working tax credit, I think both of you have to work at least 16 hours a week.

I work 6 hours a week term time in school and my husband works 40 hours a week, he gets the wtc. As far as I know it it the joint income they take into account.

sinstar

Tax credit awards will always be based on your previous year actual income, unless your current year estimate is a lower figure. This could be why some people haven't been overpaid despite underestimating their 2008-2009 income in the 2008-2009 tax year (if your 2007-2008 actual income was lower they will have based your 2008-2009 payments on that).

If your current year income is £24000, maybe you are being awarded WTC based on a previous year income that is low enough?

Mags269

mmmm . . . so let me think . . . my situation is that when I received my renewal pack in May last year, our actual income for 2007-2008 was lower than they stated and after calling the Helpline our payments were raised from July 08 onwards. However at the same time as telling them our actual income for 07-08, I estimated our income for 08-09 would probably be the same, but numpty that I am, I under estimated by £4K! ! I called the Helpline earlier this week to give them our actual P60 figures for 08-09, but I know for a fact that our income is due to come down on that figure for this current year (I did tell them that) Does that mean that they will say that we've been overpaid on our payments or not ??

Is it me, or is this estimating lark as clear as mud??

angelicmary85

It's always better to over estimate, I over-estimated by nearly 4k and got a nice juicy payment into my account the other day...I have done the same again this year fingers crossed I'll be getting another one-off payment next year. Payments may be smaller for a year but it was worth it when they paid £1300 into my account out of the blue!! Sorry if that sounds smug!