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wftc question

hi I am pregnant and due with my first in November. This year I have worked a lot of overtime, but when I return to work next March I will return to my normal salary. Will my tax credits be based on 06/07 earnings which will be a lot less than I will be receiving? I have looked at their FAQ and they want to know if your wages go up but do not seem to want to know if they decrease! I am getting increasingly worried how I am going to meet my childcare costs :( thank you in advance

Comments

  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    Your tax credit award is initially based on your previous year's income. When your award is made you are then given a "band" based on that income that you are to inform them if your income decreases below or increases above that banding. So if your wages have decreased below that level then the award will be reassessed.
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • nats3006
    nats3006 Posts: 1,627 Forumite
    Try giving them a ring! Oh and CONGRATULATIONS :beer:
    "Have you ever noticed that if you rearranged the letters in mother in law, they come out to Woman Hitler?":p :p:p

    If money doesn't grow on trees then why do banks have branches?:D

    Can you breathe out of your nose and mouth at the same time?:cool:

    Why don't the hairs on your arms get split ends?:mad:
  • nats3006
    nats3006 Posts: 1,627 Forumite
    sorry didnt mean to put the mad face!! ;)
    "Have you ever noticed that if you rearranged the letters in mother in law, they come out to Woman Hitler?":p :p:p

    If money doesn't grow on trees then why do banks have branches?:D

    Can you breathe out of your nose and mouth at the same time?:cool:

    Why don't the hairs on your arms get split ends?:mad:
  • clupet
    clupet Posts: 6 Forumite
    thanks a lot :)
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