Working Tax Credits Calculator Help

-MRS_T-

Hello

I am looking for some advice please.

I have put all my details into the calculator and it comes up at the end with the figure of £30.

I doesnt say wether this amount is what I would receive weekly/monthly/yearly

Does anyone know please?

Thanks

pmf63

I believe they work weekly ... I will be corrected if I am wrong.

-MRS_T-

pmf63 wrote: »

I believe they work weekly ... I will be corrected if I am wrong.

Thanks for your reply. I get paid mine monthly which makes me think It would be monthly figure.

I totoally forgot to phone them today.

allen35

-MRS_T- wrote: »

Thanks for your reply. I get paid mine monthly which makes me think It would be monthly figure.

I totoally forgot to phone them today.

If you are prepared to give details on here someone will estimate your payments for next tax year for you.

-MRS_T-

allen35 wrote: »

If you are prepared to give details on here someone will estimate your payments for next tax year for you.

That would be great if you wouldnt mind. The reason I am asking you see is that I am starting a new job next month due to being made redundant.

I will be going from working part time to working full time and I am trying to work out how much if anything I will get in child tax credit or working tax credit as I will need to put my son into nursery alot more, but not sure I can afford to iykwim.

Does it go on the p60 that me and hubby will get in the next few weeks or will it go on what my new wage will be. Im confused

mrshappy

When I have used the tax credits calculator for clients it usually states that the figure given is from todays date until the end of March. I then work out how many weeks that is to get a weekly amount.

-MRS_T-

mrshappy wrote: »

When I have used the tax credits calculator for clients it usually states that the figure given is from todays date until the end of March. I then work out how many weeks that is to get a weekly amount.

Hi mrshappy thanks for your reply.

Im not sure what you mean. I am hopeless with numbers my hubby is always winding me up about it.

Also I am still unsure which figures to put in my new jobs salary or p60s we get in a few weeks time

nannytone_2

you would use the previous years figures.....but be warned......if in the next tax year you earn 10k more than in the previous tax year........you WILL have an overpayment.

-MRS_T-

nannytone wrote: »

you would use the previous years figures.....but be warned......if in the next tax year you earn 10k more than in the previous tax year........you WILL have an overpayment.

Thanks for the warning. My salary will be going from about £10k to £15k then onto £17500k in 6 months time.

So what do you think is best

nannytone_2

its up to you really.
you give them the previous years earnings, and after the award is made you can contact them with your estimate of this years earnings.
but if that estimate turns out to be wrong, then you have an overpayment.
as long as your sure that your earnings for the next tax year wont increase by more than 10k you wont have a problem.

-MRS_T-

nannytone wrote: »

its up to you really.
you give them the previous years earnings, and after the award is made you can contact them with your estimate of this years earnings.
but if that estimate turns out to be wrong, then you have an overpayment.
as long as your sure that your earnings for the next tax year wont increase by more than 10k you wont have a problem.

We definetley wont be over the £10k as my hubby has worked every hour god sends this year and I do not want him having to that this year so our combined salaries will probably be actually round about the same.