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A quick question about tax credits and how they're paid
BlushingRose
Posts: 1,621 Forumite
Are tax credits paid within your wages or as a separate cheque through the post (or into your bank account) please? Thanks x
Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: £41,568
Oct 2012 = Current debt: £40,548.93
Oct 2013 = Current debt: £39.054.70
DMP Support number 424 - Long haul number 308
Oct 2012 = Current debt: £40,548.93
Oct 2013 = Current debt: £39.054.70
DMP Support number 424 - Long haul number 308
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Comments
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I'm pretty sure that Tax Credits are paid straight in to your bank account.
As you will get them paid every 2 or 4 weeks depending on what you chose when you claimed.SAVINGS: £63.86 // £3,0000 -
Straight into your bank, every 4 weeks usually. Just make sure you are as honest as you can be with them, because they frequently mess up payments and then suddenly want their money back...Ninja Saving Turtle0
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into the bank and i've always got mine weekly xPay ALL your debt off by Xmas 2023 #59 £7008 Paid £570 Owing £6438 #1 H1 £151, #2 H2 £100, #3 O £200, #4 M £1500, #5 Z £295, #6 C1 £340, #7 L £1084, #8 N £840, #9 C2 £19300
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Thanks folks.
I ask cos we got a letter saying that the household has too much money (ha ha haaaaaaa) to get them any more. However, as far as we both knew, we already weren't getting them!Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: £41,568
Oct 2012 = Current debt: £40,548.93
Oct 2013 = Current debt: £39.054.70
DMP Support number 424 - Long haul number 3080 -
We get ours straight into bank every 4 weeks.xLBM 2008 [STRIKE]£45,091.23[/STRIKE] eek: now £7889:T Debt free date 18/07/2018
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In the bank every week0
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Hi BR.
I wonder if you used to get them and still have an open 'claim' so to speak, I.e. you still get assessed on an annual basis?
A lot of people who got the basic amount ( I was getting £46 monthly) have now had letters to say their money is stopping due to the new thresholds.
Another scenario might be that you overpaid in the past and your past year's award has been used to pay back that arrears?LBM August 2011. DFD somewhere post [STRIKE]2025[/STRIKE]2022 :eek:
Total debts October 2011 circa GBP 17,700 September 2018 GBP 0 DMP with Payplan
What doesn't kill you makes you stronger:T:D:D:D0 -
Standingtall wrote: »Hi BR.
I wonder if you used to get them and still have an open 'claim' so to speak, I.e. you still get assessed on an annual basis?
A lot of people who got the basic amount ( I was getting £46 monthly) have now had letters to say their money is stopping due to the new thresholds.
Another scenario might be that you overpaid in the past and your past year's award has been used to pay back that arrears?
Oh that's possible yes. I vaguely remember MR BR complaining about tax credits and the fact that he doesn't get any due to an overpayment, before I loved in with him years ago, so perhaps that's it. An open claim...Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: £41,568
Oct 2012 = Current debt: £40,548.93
Oct 2013 = Current debt: £39.054.70
DMP Support number 424 - Long haul number 3080
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