help lower income for 2012/ 13

Stacey.lianne.84

hi i need some help

does anyone know if its true that if your estimated income for the following year will be upto 5k lower than the previous years income for... can you asked the tax credits people to go off your lower income instead???

i only ask as my partner will be made redundant in 6 months and is currently on 23k he has been offered a job for 18k and obviously we will need the extra help to get by as i am a stay at home mum of two little ones under 3....

thanks in advance for any help on this matter

[Deleted User]

Yes you can. I always have my award based on current year.

Stacey.lianne.84

thanks that's put my mind at ease

shedboy94

Tax Credits from April 2012 will disregard the 1st £2500 of any reduction in income. So if your partner earns £23k this year and will earn £18k next year, the Tax Credits will be based on an income of £20500

Stacey.lianne.84

shedboy94 wrote: »

Tax Credits from April 2012 will disregard the 1st £2500 of any reduction in income. So if your partner earns £23k this year and will earn £18k next year, the Tax Credits will be based on an income of £20500

seriously =[...now Im unsure whether he can accept the offer =\

thanks though

shedboy94

Stacey.lianne.84 wrote: »

seriously =[...now Im unsure whether he can accept the offer =\

thanks though

Really.....so would he rather be unemployed?

Stacey.lianne.84

shedboy94 wrote: »

Really.....so would he rather be unemployed?

why would turning down a job offer when he's currently employed make him unemployed?!?

melly1980

Be carefull, if you adjust your award to 18K you will end up being over-paid because you will have spent a proportion of the year on 23K.

shedboy94

Stacey.lianne.84 wrote: »

why would turning down a job offer when he's currently employed make him unemployed?!?

Because you said he was being made redundant, hence he will be unemployed, so if he turns down the job he will still be unemployed unless he gets a different one!!!

Stacey.lianne.84

shedboy94 wrote: »

Because you said he was being made redundant, hence he will be unemployed, so if he turns down the job he will still be unemployed unless he gets a different one!!!

he wont be unemployed as he IS employed!!!... if he turns the job down he will still be employed!!! not hard to understand really is it!?!

dseventy

Stacey.lianne.84 wrote: »

he wont be unemployed as he IS employed!!!... if he turns the job down he will still be employed!!! not hard to understand really is it!?!

Instead of adding !!!! and ?!?! why not just clarify your post?

You state :

i only ask as my partner will be made redundant in 6 months and is currently on 23k he has been offered a job for 18k

then state :

seriously =[...now Im unsure whether he can accept the offer =\

Its not unreasonable to assume you mean the 18K job offer. And therefore the comment of "would he rather be unemployed" is a fair question.

D70