Income disregard advice (Tax Credits)

NewBe

Had a look at the rules regarding income increase, but none the wiser

OH has been temping at weekends to gain some work experience. So its only been 12hrs per week from July 2013 to Feb 2014. Total income has been roughly £2,400. She has decided to return to part-time studies, so will no longer be working from March onwards.

The increase falls below the £5,000 disregard, so the award for 2014/15 will now be based on our income for 2012/13 instead - is this right?

So what about the 2015/16 award? Will that be based on our income for 2013/14 (when she worked) or the coming tax year (2014/15).

Thank You :beer:

NewBe

So, from my figures in the first post, if the rules remain unchanged:

The 2014/15 award will be based on 2012/13 income.

The 2015/16 award will be based on 2014/15 income.

Therefore 'missing' the 2013/14 income figures?

dibdabable

Just jumping on the band wagon, but hopefully will clarify the op questions anyway. If In 2013/14 I earned £11000 but I know in 2014/15 I'll earn 15000 and tell them that in April, will they base my Tax Credits on the new figure of £15000 or by what you say here on the £11000?

dibdabable

Many thanks for that.