Tax Credit Advisor here to help

furby-2003

hi, can you help.

I now have my total figure as 6899.87 owed. Is there anyone who will have enough influence to be able to write some of it off if we try and pay it all off? We are skinting ourselves out to borrow the money to get rid of the tax credits. I'm having to up my hours and get a babysitter to make the repayments so if they could reduce it slightly who would be the best influence?

And also I want to get out of the tax credits trap and cancel my claim. Can I do this in April?

midnightlinnet1

I have just separated from my wife and we have 2 children which we both share equally. Up to now we have been claiming Family Tax credits but now that we are separated Can I claim any benefits on my own. I would really appreciate any help on the benefits issue.

carlos700

I to am very confused about deducting pension contrubtions off p60 have been told different things i wondered if you could help with this .We pay out of wage around £80 a month it shows on p60 how much we have paid that year to the pension so do we deduct this figure off p60.Please reply .

robindunne1

I'm an accountant that works for the DWP.

Tax Credits are worked on taxable income. Genrally, any income you receive that does not suffer income tax does not have to be reported.

Pension contributions are deductible for tax credit purposes as you do not pay income tax on anything you contribute. You will notice that your P60 may have two amounts on it - one with gross pay and the other "taxable pay" which will be your gross pay less pensions contributions contributions.

The same is applicable for any money given to charity through Gift Aid.

Look here:

http://www.hmrc.gov.uk/manuals/tctmanual/TCTM04002.htm

Hope that clears it up.

carlos700

Thanks robindunne1 for your reply i really do appreciate this i have my p60 with my now last years.All it says is IN THIS EMPLOYMENT £ 18804 and under that TOTAL FOR YEAR £18804.In a separate box it says EMPLOYEES CONTRIBUTIONS there is some ssss and then says £1369.75 will this be what he has paid into pension?and does he need to deduct this from the £18804.Thanks so much again for your reply

robindunne1

If there is only one total amount on the P60, you will need to deduct the £1369 from £18804 - meaning you report £17435 to the tax credit people. This should give you an additional £506 in tax credits.

robindunne1

You may also be able to claim the tax relief on ths contributions as a deduction, but that will be difficult without me acutally looking at your P60 and seeing how much tax you have paid.

carlos700

Hi robindunne1 I have just rang tax credits and they said yes i should have took the pension off but the man said they count some of the pension i will have to ring back after weekend to see how much of that pension they will take into account.I wondered if you could explain what they mean when they say they only count some?thanks again your a godsend i have been wondering about this for so long and could not get an answer from anyone.

shameless-about-money

Question for you, thank you for volunteering!

I am currently on IB, IS and DLA since last October.

I will, hopefully, be starting a new job in May on £14K basic + commission. However, there will be no commission payments at all for at least three months. Am I still entitled to claim WTC for the months without any commission?

I am single, no children but registered disabled and on DLA.

Thanks in advance!

zappster1966

It is great to have so many people who are currently employed in the tax credit/benefit system here to help folks out (and in their own spare time too).

But tread warily, my friends. I don't know about the Inland Revenue but DWP positively frown upon staff posting on benefit related matters on non government sites ... "potential conflicts of interest" ... think they're probably worried in case we give out duff advice, leading people to complain "hey that guy on that forum who works for the Social Security/Inland Revenue said that i should be getting this that & the other but now you're telling me i shouldnt and have been overpaid blah blah blah".

I'm not saying don't do it ... it's nice to be nice after all and it takes a very special person to continue to help others after the sh*tty day you've had at work ... just be careful and don't post anything which could identify yourself to the Whitehall mandarins