Handed My Notice In - Here Goes

scottandjen_2

Hello,

I have just handed my notice in with my current job as i am going self employed.

As we claim tax credits, if i let them know now will out payments change or stop?

Any info would be great.

Thanks,

Scott

Premier_2

You appear to have posted this thread on the wrong board.

This board is for small business and charity advice

The benefits and tax credits board is here

http://forums.moneysavingexpert.com/forumdisplay.php?f=139

I would suggest you contact the board guide to request your thread is moved there where it will probably get more responses

chalkie99

scottandjen wrote: »

Hello,

I have just handed my notice in with my current job as i am going self employed.

As we claim tax credits, if i let them know now will out payments change or stop?

Any info would be great.

Thanks,

Scott

Wow! There really are some things you should find out BEFORE making major decisions like giving up your job.

Hope the rest of your business plan is a bit more thought out. :eek:

dollymix

Hi, I would inform tax credits, they will want to know what your earnings have been up til you went self employed, and then they will want an estimate of what you will earn for the rest of the tax year. I would say it is better to underestimate than overestimate, otherwise you could find yourself paying them back! hth

motorguy

chalkie99 wrote: »

Wow! There really are some things you should find out BEFORE making major decisions like giving up your job.

Hope the rest of your business plan is a bit more thought out. :eek:

+1

"I've just thrown myself out of an airplane, i wonder if i've fastened the parachute straps?"

Savvy_Sue

MOVING THREADS FOR BETTER RESPONSES

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere(please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].

Do come back when you have Small Biz questions, and I hope you don't find these answers too blunt: we can be very helpful but we don't pretend that setting up and running a new business is a piece of cake!