overestimate of husband's income for tax credit's 2012/2013

busybee1969

Hi, I have just reieved my husband's p60 for 2012-2013, and i have overestimated my husband's income by £1000. when i do this year's renewal, will we get any difference back as a lump sum, many thanks.

georgiasdragons

You might get a couple of hundred then your payments will increase a little as well.

Last year I underestimated by 2000 and still got a lump sum.
This year I've over estimated by 850 and I'm still waiting to hear back.

Did my renewal few weeks ago still not heard back.

busybee1969

Thank you for your reply, still have not got my renewal pack for this year yet, so finger's crossed i might get a something back .

zagfles

It depends on the difference between your 2012/13 income and 2011/12.

It might make no difference or you might get £410.

beckyb26101982

Hi new here, I overestimated my 12/13 joint claim by about £6000 due to a drop in my wage and my partner (ex) not receiving his bonuses. We are now in the process of splitting and me and my disabled daughter moving out, so once we have moved out I will be starting a single claim for 13/14. I think what I'm wondering is because last tax credits year is officially over with and we have started a new tax credits year before we split and they did still underpay us, will we still get the payment due back to us or will they use the fact that we have now split and I will be starting a single claim to not pay the payment due... I don't know if anyone can help just thought I'd try my luck and ask... and I know if it was an overpayment (if I went from a single claim to joint) they'd chase for the money then because they've done that to me before, just wondering if they are as willing to give the money out lol.
Thanks in advance if anyone can help :-)
Becky

zagfles

beckyb26101982 wrote: »

Hi new here, I overestimated my 12/13 joint claim by about £6000 due to a drop in my wage and my partner (ex) not receiving his bonuses. We are now in the process of splitting and me and my disabled daughter moving out, so once we have moved out I will be starting a single claim for 13/14. I think what I'm wondering is because last tax credits year is officially over with and we have started a new tax credits year before we split and they did still underpay us, will we still get the payment due back to us or will they use the fact that we have now split and I will be starting a single claim to not pay the payment due... I don't know if anyone can help just thought I'd try my luck and ask... and I know if it was an overpayment (if I went from a single claim to joint) they'd chase for the money then because they've done that to me before, just wondering if they are as willing to give the money out lol.
Thanks in advance if anyone can help :-)
Becky

They'll pay you any underpayment when they finalise your joint claim. But as above there won't necessarily be an underpayment just because you overestimated income.

Annie0504

I started claiming woring tax in Sept 2012 and they estimated i would earn £9500 buy the end of the tax year April 2013
i actually earned £7100
my working tax has gone up by £1 per week but havnt recived a lump sum
i was expecting one as i have read many posts saying they had recived one
they overestimated by £2900 and the fact that they have only put my payments up by £1 is kind of a joke
do you get your lump sum at a later date??

mumofthetwins

Hi
I ended up overestimating my income by £700 and i didnt get any payments, i called to ask and they just said it was below the threshold thats why i have asked about the pension contributions i have started making in a different thread as i dont want to miss out again ....
Lisa