Tax Credits - Know income for 2013/14

pollyanna24

My boss has just done payroll for this month, so I now know exactly how much I have earned in 2013/14. It is slightly more than the figure I have given tax credits (I used to ring them up every now and then as my yearly amount went up due to overtime, so hard to predict).

Should I ring them with a finalised amount or just wait for the renewal pack in July or whenever it comes?

I have also worked out my income for 2014/15 (including estimated overtime) and this is about £950 less than what I earned this year, although of course this could change. Again should I ring them or wait?

pollyanna24

Thank you. Trying to get organised, haha.

The last figure I told them was £25,000, but it turns out I have actually earned £25,785. Is it worth ringing them? Will they change payments between now and the renewal?

pollyanna24

£22,170.69

pollyanna24

Thank you so much for your help.

I thought I was going to end up with a massive overpayment (although they have made my payments smaller each month as apparently they did overpay me somehow by £1,000 even though I have kept them informed at all times of my income.

I shall give them a call and give them my new figure for 2013/14.