please help tax credits ...overpayment ???

7171blondie

hi,

please advise

im dreading filling out my renewal form as difference in income...

i know deadline in 2 days... had a few family problems to deal with

here goes :

joint income was £26022.00 for 2012/13

actual income is £30193.80 for 2012/13

2 children with no childcare....

was wondering how much roughly my overpayment would be ???
please advise as so worried ....
thankyou

7171blondie

difference in income is due to husband being promoted at work & overtime worked by both of us

7171blondie

somebody please advise....
thankyou

nannytone_2

you really need to be patient.
the 'experts' in this field are , not suprisingly, at work!

McKneff

Come back after dinner tonight.

No doubt someone will be along to help, you just have to be patient.

Icequeen99

What was your actual joint 11/12 income? That will determine how much the overpayment is.

IQ

7171blondie

hi icequeen,
actual joint income for 11/12 was £26022

Icequeen99

7171blondie wrote: »

hi icequeen,
actual joint income for 11/12 was £26022

Ok, so your 12/13 award will not be overpaid because of the 10,000 disregard. You can earn up to 10,000 more than your 11/12 income before it affects 12/13 tax credits.

However your 13/14 award (i.e. your tax credits now) is probably being paid on the basis of 26,022 because that is the latest income HMRC have. It should be being paid on £30193. So you may have been overpaid from April - they will alter your payments going forward so it is right by the end of the year which may mean you see a fall in payments.

IQ

7171blondie

ice queen,

do you know how much my overpayment would be roughly ?
and would the overpayment be calculated since april this year ?
thanks

7171blondie

icequeen,

the tax credit award was for a total of £1534 for 2012/13

thanks

7171blondie

not had it yet... just sent off my renewel