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How are tax credits calculated?
EleanorRig
Posts: 123 Forumite
Hi
I've recently started working (5th September) and received two separate tax credit payments (both working and chid) - they don't add up to the amount I have been awarded, does anyone know how they're calculated?
I've recently started working (5th September) and received two separate tax credit payments (both working and chid) - they don't add up to the amount I have been awarded, does anyone know how they're calculated?
0
Comments
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It's probably an interim payment (which might be, say 5 days worth) rather than your regular payment. Have you had the award letter already or are you going on what they told you on the phone?0
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Haven't received a letter yet. Was told over the phone, but the payment was paid into my bank on a different day to my usual day (I've been receiving CTC but have just claimed WTC)0
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EleanorRig wrote: »Haven't received a letter yet. Was told over the phone, but the payment was paid into my bank on a different day to my usual day (I've been receiving CTC but have just claimed WTC)
Yup - definitely an interim payment if it's not on the usual day. It won't be your regular payment.0
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