has anyone started to get there annual review letter's from child tax credit.

jellyhead

is the p60 amount lower than the annual salary because you had a pay rise part way through the tax year? ours is, my husband gets his pay rise in october.

i'll have an overpayment. i did mine over the phone when the baby was born and the person on the phone asked me for the p60 amount but didn't ask about the company car, and being dopy through lack of sleep i forgot to mention it. i reckon i've been overpaid by around £50 for the year but i didn't realise because they keep changing the amounts they take back for a previuos overpayment and i never know what amount we're supposed to get.

Spendless

jellyhead wrote:

is the p60 amount lower than the annual salary because you had a pay rise part way through the tax year? ours is, my husband gets his pay rise in october.

i'll have an overpayment. i did mine over the phone when the baby was born and the person on the phone asked me for the p60 amount but didn't ask about the company car, and being dopy through lack of sleep i forgot to mention it. i reckon i've been overpaid by around £50 for the year but i didn't realise because they keep changing the amounts they take back for a previuos overpayment and i never know what amount we're supposed to get.

Yes to the first bit. Our P60 looked lower and I even thought if it wasn't for the car we'd now get the EMA (not that I have kids of that age:D ) and I couldn't work out why-it's cos of the salary sacrifice for the childcare vouchers.

They might just knock the overpayment if it is only for £50 off of this years entitlement instead of asking for it back.

BTW-Glad you've remembered about roo;) (you have to look in DT to see what I mean):D

jellyhead

yes, i've remembered i have 2 children now

if i'd realised we were getting the wrong amount i could have sneakily claimed a surestart grant :rotfl:

do the childcare vouchers get taken off the p60 amount? is it the same as the pension, where the pension money you pay doesn't count as salary when they work out your tax credits? roo's a little monkey, i think he will be wanting to go to nursery when he's a bit older, whether i'm working or not lol!

fannyadams

Ok so I got the form and filled it out - it only asked about the income that we earned from last year, so I looked at the P60s and there was all the info - so I put it on the form.
Today I get the Awards notices for 05/06 and 06/07 - a quick glance over them and I find that their overpayment to me from 16 February 2004 (£3302.28), currently stands at £5054.88, an increase of 53%. :eek:
OK, all you people who actually WORK for HMRC in the TCO PLEASE explain how come despite having received significantly reduced TC payments the amount I owe has INCREASED by 53%...
I'd LOVE to hear the answer...

notsolucky_2

Chezza71 wrote:

Hi Lady E - no such thing as a daft question on here!! I think you can claim for childcare as long as they have an OFSTED registered number which you quote on the form.

I got my form this week.

Do you have to be on a low income? I asked before on the telephone and they said no, I work 25 hours a week my husband works 60 hours.

spud30

From what I understand, the tax credits are based on your income for the previous tax year.

I have just lost my job which now means we will be on the higher rate. Does that mean I will have to wait until next year to get the increased allowance or will they action the increase straight away?

missk_ensington

I've not had mine but I'm dreading it, my award June-May was assessed on estimated self-emplyed income from my partner, which was fine. But he left me beginning of May, and it has since become a nasty break up (he broke in and took everything of mine and my 2 yr old sons). Anyway, the point s he is refusing to give any evidence of his estimated earnings, and I'm worried sick I'm going to have to pay it all back when I can't provide the documents they require!

Dalkirst

Our TC renewal when we got it back didn't have a top limit figure this year to tell them if we are getting more than that amount so how are we supposed to know?
Or is it that £25k figure that was introduced during the last budget?

fatblokexl

Dalkirst wrote:

Our TC renewal when we got it back didn't have a top limit figure this year to tell them if we are getting more than that amount so how are we supposed to know?
Or is it that £25k figure that was introduced during the last budget?

if there is no top limit, you are required to tell them how much you earned.
limits only apply to those who are higher earners usually

Dalkirst

fatblokexl wrote:

if there is no top limit, you are required to tell them how much you earned.
limits only apply to those who are higher earners usually

Yeah thanks i know we have to tell them how much we got but on last years it had a lower and upper limit and said if you fall below the lower or are likey to go above the higher amount then to call and tell them.But as my partner works part time and could have a few hours more or less every month because she's not on a fixed hour i can never tell what we are going to earn in a year and whether we are going to go over or not.When it got towards the final month or two on last tax years i made sure we didn't go over so as not to be over paid but as i said if there is no limit on this years i won't know if and when to tell them because of the fact she doesn't have a set hour/wage:)