tax credit renewal

kurjam

when will renewal packs be due out ??

my income total for last year was less than i told tax credits, do i have to wait for my renewal pack or do i just ring up and tell them. . .

as i estimated £900 more than the actual wages were (joint income)

will i get a extra payment for the under estimation !!!

thank you

moomoomama27

Renewal packs will be out between end of April- June, with the cut off date for telling them last yrs income of July 31st.

You can call them now and re estimate this yrs income and they will start paying you a higher rate straight away, but you will have to wait until you get your pack (so I was told yesterday) before you can do end of yr. And yes you will have been underpaid for last yr and normally you get a lump sum underpayment back. which is about 40% so you should roughly expect about £360 back.

dangerousuk2

I'm in the same boat.
Estimated an income of 26000 but my actual income is 24800 due to not as much on call shifts as I expected.

To be honest we can't be expected to give an exact figure until we get our final payslips or P60 so it's prob better to over estimate a little bit

raq

i rang with my figures on tuesday 6th april and they where very helpful. Said my paperwork should be with me back next week ( I live in Wales ) and then to phone them back up with the definate or actual figure.

raq

just a quick question moonmamma27

we also underestatimed by £4,500.00 due to lack of work . How do you work out the 40% like the previous message. Any help would be very grateful

kurjam

raq wrote: »

just a quick question moonmamma27

we also underestatimed by £4,500.00 due to lack of work . How do you work out the 40% like the previous message. Any help would be very grateful

40% of your figure is £1800...

kurjam

moomoomama27 wrote: »

Renewal packs will be out between end of April- June, with the cut off date for telling them last yrs income of July 31st.

You can call them now and re estimate this yrs income and they will start paying you a higher rate straight away, but you will have to wait until you get your pack (so I was told yesterday) before you can do end of yr. And yes you will have been underpaid for last yr and normally you get a lump sum underpayment back. which is about 40% so you should roughly expect about £360 back.

did my renewal and got payments today, no lump sum though... just an extra payment of £29.00 tc and wtc :mad:

but they reveiw as not been put through she said and she had to go into payments to see what i am getting.this is just a one of payment....
so why do they not always give out lump sums ??