disregard???

Icequeen99

micgell1985 wrote: »

Just called tax credits to give my New estimate. when asking much i should receive etc the guy kept basicallysaying it won't make a difference to my award as they go by lower income of 5000 for last year so what is point of my estimate???

What estimate did you give?

I explained that above. If you give an estimate of £15,000 or less, they will use £5000 (your previous year income).

If you give a higher estimate, they will disregard the first 10,000 of the rise. So if you estimate 24,000 they would use 14,000 so it would impact on your award now.

The reason you give estimates, even if it doesn't change your claim now is to stop an overpayment occurring from next April.

IQ

micgell1985

Yeh i know sorry. thats way i make it out too im just saying whoever i got on phone still believed my award wouldn't change with my new estimate of 24000 n they would still go by lower income for some reason then asked me to wait till he asked husband supervisor then asked me to wait for my award letter n if there was anygging to phone back as i think he got confused himself

Icequeen99

micgell1985 wrote: »

Yeh i know sorry. thats way i make it out too im just saying whoever i got on phone still believed my award wouldn't change with my new estimate of 24000 n they would still go by lower income for some reason then asked me to wait till he asked husband supervisor then asked me to wait for my award letter n if there was anygging to phone back as i think he got confused himself

if you quoted 24,000, it will change your award if your income for last year was only 5000.

IQ

micgell1985

Yeh i think so but he didn't but ill wait for award letter n hopefully that makes more sense. think he may have been new to the job. was just worried as don't want an overpayment

micgell1985

Just looking online at official explanation and came across this

b) If CYI is greater than PYI by more than the specified income disregard, the final award is based on CYI less the income disregard, and an overpayment may arise

i understand the disregard just the bit saying an overpayment may arise?