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
Will not be renewing my WTC next year
Glitterfly
Posts: 3 Newbie
Does anyone know the answer to this dilemma please?
Next year we won't be renewing our Working Tax Credits claim as my teenage daughter will be leaving college and going out to work, so my husband was thinking off now being able to do as much overtime as possible but I'm thinking that even thoug we will not be renewing next year we're still gonna get stung with an overpayment charge.
Can someone shed any light on this.:(
Next year we won't be renewing our Working Tax Credits claim as my teenage daughter will be leaving college and going out to work, so my husband was thinking off now being able to do as much overtime as possible but I'm thinking that even thoug we will not be renewing next year we're still gonna get stung with an overpayment charge.
Can someone shed any light on this.:(
0
Comments
-
I don't understand.
Why has your teenage daughter got anything to do with it?0 -
You mean child tax credits? Your daughter is moving out or into full time employment? You have to let them know when this happens rather than leaving it to next year and then being overpaid.
Any overpaid amount will be due back even if you are not renewing claim.0 -
Because she is still in full time college so as of such we claim for her as a dependent child but she won't be as of next year0
-
The same for me I have been told thay will stopped at the end of aug same as child benefit so I will ring then.0
-
Glitterfly wrote: »Does anyone know the answer to this dilemma please?
Next year we won't be renewing our Working Tax Credits claim as my teenage daughter will be leaving college and going out to work, so my husband was thinking off now being able to do as much overtime as possible but I'm thinking that even thoug we will not be renewing next year we're still gonna get stung with an overpayment charge.
Can someone shed any light on this.:(
You will have a certain amount of entitlement up to the date she leaves college however you need to be wary of how much they pay you between 6th April 2011 and 31st July 2011 which is the cut off point for renewing the claim.
If you don't renew they will ask you to pay back all the money you received between 6/4/11 and 31/7/11 because they are provisional payments which are totally dependent on a renewal being done. Far better to renew and then withdraw the claim after that if you really want to.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Most people are allowed £25,000 more earnings than the previous years income and not be overpaid.0
-
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K 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