MSE Parents Club Part 12

Krystaltips

Choppy, that last paragraph made no sense to me whatsoever

I wonder what hubby's playing at... Aimee's away at my Mum's, Caitlyn's in bed asleep... He's lying on the floor watching some American waffle some crap about some gadjet on the laptop and there's football on the TV with the sound off...

Wish I'd gone to Mum's with Aimee...

Or to bed with the baby...

SusanC_2

chopsticks wrote: »

General question about tax credits: OH earned less in 09/10 than he did in 08/09 and so did I, as I was on maternity leave. I didn't phone them to tell them what my reduced salary was, so that means I also didn't tell them that they needed to take into account 39 weeks maternity leave (to receive the £3900 relief). Does this mean that we'll receive a lump sum, or do their calculations work on bands, so it could be that if we're in the same band after their calculations, we won't get any backpay?

It would depend on how high your income is - over a certain amount it makes no difference but if you are below that (or have dropped below) it should increase your award. If it does change your award, you'll get a lump sum for last year's underpayment and your regular payments for this year will be increased.

chopsticks

Ooops, sorry :rotfl:. I'll try again (and I'll miss out some of the stuff that isn't completely relevant):D

Both DH and my salaries were lower in 09/10 than 08/09. However, I haven't ever informed Tax Credits of this.

When Tax Credits work out how much they pay you, is it "if your earnings were between X and Y amount then you get paid Z amount" (i.e. if the "band" was £20k-£50k, you would receive Z in tax credits regardless of whether you earned £20k or £50k)

...Or...

Is it worked out that if your earnings were £20k you would get more in tax credits than if you earned £50k?

(I've just picked these figures at random).

I only want to know so I know whether to expect a lump sum or not .

I know that we've definitely earned less in 09/10 than I told them on the initial form that I filled in just after Caitlin was born.

Does that make more sense, or is it still as clear as mud?

chopsticks

Susan, you wouldn't happen to know what the threshold is, would you?

How's Alice? Are you getting any more sleep?

aless02

the bands seem quite gigatic, choppy. On my form, it hints that we receive the same amount of TCs for 25-50k earnings!! So going on mat leave for 9 months actually has had zero effect *rolleyes*

chopsticks

aless02 wrote: »

the bands seem quite gigatic, choppy. On my form, it hints that we receive the same amount of TCs for 25-50k earnings!! So going on mat leave for 9 months actually has had zero effect *rolleyes*

Thanks Aless

Don't think we'll be having a lump sum to look forward to then!

aless02

chopsticks wrote: »

Thanks Aless

Don't think we'll be having a lump sum to look forward to then!

It won't hurt to update them, no, but you're probably unlikely to see much change if any - from what i can tell of my limited understanding of TCs

BrunoM

I find http://taxcredits.hmrc.gov.uk/Qualify/DIQWorkBenefits.aspx good? Just run through it a couple of times changing details and see how the outputs change. Doesn't seem to be bands to me?

Sami_Bee

choppy how TCs are worked out is on the HMRC website, its a bit complicated and you need to reference 2 different pages on the site but I worked it out in about 15mins (I am a maths-y person tho) If you use their calculator it is acurate

Aless - Chris wore a bhs wedding suit to our wedding with a proper shirt n tie, it was a nice day but not hot although my mum managed to forget the jacket *rolleyes* he was still powering around at 9pm with no nap that day :eek:

BrunoM

OK I'm sort of wrong, in that Child Tax Credit is kind of banded - it's either off (above some level around the £50k mark?), normal or extra - so at some low-20s number you get one number, above that to 50ish you get a smaller number, then above that nothing. If that made sense.