Tax credit overpayment

stressedout75

I've been reading thru some threads & have worked out that we have been overpaid for tax credits for April 2011 - April 2012 as we put an estimate in as £12500 & our actual was £13769 I phoned them last thurs with our figure would it be to early to phone them today to see if our award has changed I'm worried because I worked out at the 46p per £1 thing we owe them £600 would we have to pay that back before the new tax year 2013, I've got 4 children & want to budget as normal any advice would be really welcomed

Icequeen99

stressedout75 wrote: »

I've been reading thru some threads & have worked out that we have been overpaid for tax credits for April 2011 - April 2012 as we put an estimate in as £12500 & our actual was £13769 I phoned them last thurs with our figure would it be to early to phone them today to see if our award has changed I'm worried because I worked out at the 46p per £1 thing we owe them £600 would we have to pay that back before the new tax year 2013, I've got 4 children & want to budget as normal any advice would be really welcomed

In your other thread you said your 10/11 income was actually lower? In which case there will be no overpayment.

If you estimated 12,500, they would have based your award on 10/11 income anyway. Then when you declared 13,769 it will still be based on 10/11 income due to the 10,000 disregard.

The only issue will be your current award as it is probably being based on 12,500 instead of 13,769. So you may have a small current overpayment.

IQ

stressedout75

Thankyou for your reply, yes it gets so confusing I think because we are always behind with our figure, our income for 10-11 was £12171 which is what I put in jan 2012, they then asked what our income would be 11-12, which I said base it on £12500, then when I phoned to give our actual it was £13869, I wish I could get my head around all this, I did have a baby in August which i did contact them about so I'm not worried about that, but obviously you get use to a payment & you make it work, not sure whether to phone them yet?

Horseunderwater

If you have given them the updated income for the year 11/12 and you have told them that you had a baby in August - did you get any SMP or Maternity allowance? If yes that could possibly bring the income down too, so you might be owed money.

charlotte4940

Yes if you have been receiving maternity pay you are able to knock off £100 for every week you received it!!

stressedout75

I'm a housewife so didn't claim maternity leave, I'm still waiting for new award to come thru mayb my payment may be adjusted on thurs fingers crossed I won't be to badly affected, can't believe how stressed I'm getting!!