Tax credit renewal - general questions (merged)

no-oneknowsme

ArchieJ wrote: »

Hi everyone

Good to such such great advice being given and I wonder if anyone could help me.

I renewed by phone on the 22 June. We are a joint claim with one child, no childcare cost and my husband is self employed - so relatively straightforward I thought. We had been receiving CTC only based on a total income of £24000. The total income for last year was in acutal fact £13,000. We had esitamted my husband's income to be around £20k as he was expecting to get a big job in but this job fell through so he income was lower than anticipated.


I had therefore assumed we would be due an underpayment lump sum. At renewal I also gave them a a revised figure for him for this coming year too.

It is almost 3 weeks and I have not heard anything. My usual payment was due on 6 July and went into my bank account and it had increased to match the estimated figures I had given for this coming year but I have had no overpayments go in.

What has me worried is that after reading this link it seems people are receiving lump sums a week after renewing? Does this mean we won't receive anything back?

Thanks for your patience in reading this!!!

Are you giving tco ESTIMATES of your Husbands income each year?

Lumpsums are not usually generated from estimated income figures.

What was your household ACTUAL income for 2009-2010 and what was your ACTUAL household income for this year?

poppies9000

Hi, can anyone tell me what part captured means? I have done my renewal twice once in May and once in June, called today said it had been part captured and not to call back till tomorrow??

Brodiebobs

I renewed by post 5/5/11, never heard anything, called today to be told they had my income, but its not been finalised. The guy on the phone didnt seem to know why and admitted they'd had my figures on their system since beginning of june. He told me that as they have my figures and there similar to last year they might just carry on and not send out any paperwork???? am i been led on as it doesnt sound right to me!

janey70

i renewed my wtc on the phone last week i earned more that last year due to not being off so ill this year compared to previous year i estimated to earn same this year so have expected a bit of a drop but within a week i have a lump payment in bank but no letters and i no i cant ring them again as told me this would be normal but like to know what im getting and if the lump sum is my weekly payments award ?

5823yil

Brodiebobs wrote: »

I renewed by post 5/5/11, never heard anything, called today to be told they had my income, but its not been finalised. The guy on the phone didnt seem to know why and admitted they'd had my figures on their system since beginning of june. He told me that as they have my figures and there similar to last year they might just carry on and not send out any paperwork???? am i been led on as it doesnt sound right to me!

Renewed over phone 5th May still waiting

mummyof2boys_2

I did mine by post sent it back around the 7th June. Around 2 weeks later i had an extra payment in my bank ...a couple of quid extra than my usual payments.

Still not had any paperwork about it yet though...we was expecting a lump sum as husband didnt earn as much as we estimated.

fd1972uk

I'm very confused with this too.

We have 1 child (5) and our joint income is £33645 per annum (I work 35 hours p/w, wife 30 hours p/w).

Now when we get our form through it says if our total income isn't more than something like 30k-50k (or something like that) we don't need to do anything.

So obviously I do nothing.

However my wife's wage is getting cut next month ever so slightly and we'll be £910 worse off per year, but whne I tried the calculation it said we would be due £393.46 (sure that was teh exact figure) per year. We actually get £543.60?

So I'm confused and also worried now that I'll probably owe them money back. But guess I don't want to keep holding off calling them if this is indeed the case.

We don't qualify for WTC.


FD

zagfles

fd1972uk wrote: »

I'm very confused with this too.

We have 1 child (5) and our joint income is £33645 per annum (I work 35 hours p/w, wife 30 hours p/w).

Now when we get our form through it says if our total income isn't more than something like 30k-50k (or something like that) we don't need to do anything.

So obviously I do nothing.

However my wife's wage is getting cut next month ever so slightly and we'll be £910 worse off per year, but whne I tried the calculation it said we would be due £393.46 (sure that was teh exact figure) per year. We actually get £543.60?

So I'm confused and also worried now that I'll probably owe them money back. But guess I don't want to keep holding off calling them if this is indeed the case.

We don't qualify for WTC.


FD

Don't worry about it - if your income is under £40k you're definitely entitled to the full £545 this year. I think the HMRC calculator tells you what you'd get for the rest of the tax year - try the entitledto calculator. The drop won't get you any more unless you have some disability elements.

fd1972uk

Thanks for that, that's great. (well it isn't really, I'd rather have more, lol, but at least I ain't owing).


FD

treacle

Hi,

I sent off my renewal pack at the end of June and income figures were provided of approx 16k for myself and hubby (I have been on maternity leave).

Have had a strange credit to my bank account of £24.xx but expecting £600 approx a month?

Have had no written confirmation so don't know what to do.

Is it usual to see an odd amount like this? I was assuming I would get a lump sum because my payments were stopped on returning to work and I will be over the threshold for next year.