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ppi repayment, tax

Hi all. I hope this is the right place to ask! I have just found out that i am to get some money back from ppi - i am in an IVA and they did all the leg work for me! and seems I am to get approx £6 K back from the 8% interest thing! Sorry to sound vague, but I dont really understand it all :o

Will this money effect my working tax and child tax credits? I only work 16.5 hours a week and am worried as I am on a tight budget just now.

wik x
"Aunty C McB-Wik"
"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways - Chardonnay in one hand - chocolate in the other - body thoroughly used up, totally worn out and screaming "WOO HOO, What a Ride!"

Comments

  • -taff
    -taff Posts: 15,585 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You will have to contact the HMRC and ask them what you can do. It's possible you could pay it in one lump sum...
    Non me fac calcitrare tuum culi
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