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How to pay back tax credit overpayments

Hi,

I think we will have been overpayed this year, how do they ask for the payment back?? Worried we may have to stump up a lump sum??

Cheers.

Comments

  • beanielou
    beanielou Posts: 96,859 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    It varies.
    One way is to suspend papments til overpayment is repaid, or to reduce amount paid.
    HTH
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • inkie
    inkie Posts: 2,609 Forumite
    Mortgage-free Glee!
    OUr payments were suspended unitl we have cleared the overpayment - which can take quite a while!!
  • I think it depends on your income and circumstances. With us we owed about £395 and they took £95 spread over 4 weeks and then have left the rest til our next award so that we weren't left struggling. Call them up and ask.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • bootman
    bootman Posts: 1,985 Forumite
    I've been Money Tipped!
    I was overpaid a full year. I asked for a payment book and spread it as long as I could.
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