Tax Credits -Estimated earnings help!

pepsipie

Hi, I'm currently claiming tax credits, a joint claim with my partner, our earnings have always been consistent, but my partner is due to start a new job next week as a car sales exec.
I'm not sure what to do about the tax credits claim as I won't be able to estimate his earnings as it is a flat rate plus commission and could vary each month, do I stop claiming tax credits all together?
I don't want to end up having to owe them money, but don't want to lose what I'm entitled to either.
Thanks.

lovetowinacar

Hi

What I would do in the same situation is take the flat rate and give an estimate for commission given a standard sales rate - they probably provided him a guide figure at interview or in the job advert - many of these jobs have a earnings int he region of figure. Let tax credits know it is an estimated figure for income.

If you use this figure and he earns less you will be due more in next tax year. If he earns more you will need to pay some back.... Therefore keep an eye on the first few months if the figure is very different immediately write and let tax credits know so the overpayment/underpayment doesn't go on too long.

Hth a bit - others may do it differently but this is how I would cover this..:)

Murgatroyd21

If your household income for last year is less than what you expect to get this year, and the current year income isn't going to be more than £25k more than last year, don't give/change the estimate figure already held if it was created by the system from last year's income. If you've been changing your income details up & down regularly (deadly & likely to cause overpayments) it may pay to give a best case scenario if you want to avoid any overpayment.