Living with Partner; postgrad student; how many hours worked?

David333

enabledebra wrote: »

if your annual award is based on correct income http://www.hmrc.gov.uk/taxcredits/keep-up-to-date/changes-affect/income-changes.htm

and you tell them -and they act to amend payments-straight away when you stop/start working the correct hours there should be no under/over payment and you would recieve only the correct fraction of the standard annual tax credits for someone with your annual income.

nb It was always a stupid system and seemed to assume everyone worked on an annual budget and could wait for underpayments to be paid after April and had reserves to repay any underpayment- talk about out of touch politicians. The way around this is to keep them updated or all changes in income and hours.

Got it! I think...

Thank you so much for your help.

I should get the maximum entitlement for the weeks I work this tax year (and four weeks after I stop), based on last year's income which in my case means that I'll get roughly £89 a week,

as long as:-

a) I keep them informed of when I stop and start work

b) my income declaration from last year is correct (if a waiter were to get some cash tips, I wonder how they are put into the system...)

c) this year's actual income doesn't exceed last year's by more than £10,000 or drop below it by £2,500...

enabledebra

Yes!

re tips if it's taxable income it counts for tax credits-

http://www.hmrc.gov.uk/working/bens-shares-tips/tips-bonuses.htm

edited to fix link

David333

enabledebra wrote: »

Yes!

re tips if it's taxable income it counts for tax credits-

http://www.hmrc.gov.uk/working/bens-shares-tips/tips-bonuses.htm

edited to fix link

Thanks. As I understand it, all tax requirements were carried out by the troncmaster. The problem is that I don't know how much I received in tips that year. I guess I'll have to go back through cash payments into my bank account...