Tax credits question!! Bit long xx

slowpoke22

Hey everyone

Tax credits (again!) lol

Last year when I set up our claim, it was based on earning £11500 for the year. We actually ended up earning just over £5k. I did my renewal a week ago, and a friend of mine reckons I should get a lump sum because they would have underpaid me.

I called them on Saturday just gone, and the gent I spoke to (who was really lovely!) said renewal is currently captured and being dealt with. I asked the guy on the phone about the possibly being underpaid and explained everything above and he sat with all the numbers and worked it out for me, said I should expect a lump sum of a couple of grand, plus £350 as we are currently being underpaid working tax since 6th April due to renewal not being finalised as yet. We were on the phone forty five mins and he explained how he worked this out and said this is what the system will work out. He also said it hadn't updated on his screen yet but should in the next couple of weeks.

I asked him how he got the figures, and he said the following

* He took my estimated earning (£11500) and worked out what I was paid in tax credits for the year.
* He then took my actual P60 figure (£5600) and worked out what I SHOULD have been paid in tax credits for the year.

He came back with an underpayment of £2020.35 and said I should receive this as a lump sum. Since 5th April the working tax has gone down from £56 to £43 a week, and I asked about this. He said that the working tax was based on last years figures and theyve been weekly underpaying me the working tax and he said once finalised, I would also get a payment of £354 (current standing) because they'd have to backdate it.

I got all excited, then worried myself stupid yesterday thinking that I would go ahead and be happy and then get told that's wrong. So I called them again today to ask (yes I obsess) and they said I could play around with the entitlement calculator online and see for myself but to wait for the letter. Anyway I had a look online and its right, I was underpaid by £2k.

Do I take what he said as correct (I made him go over it three times!!) and get excited or do I be skeptical? WWYD?

cifpower

My friend would be on the phone every day asking and texting me 5 times an hour asking my opinion.

Me? I'd wait.

slowpoke22

blondebubbles wrote: »

If you can confirm your circumstances I can do a calc for you.

You've already confirmed your 2013/14 income as £5600, what was your 2012/13 income? Do you expect any change in your income this year or will it stay as £5600?

Is it a joint claim or single claim?

What are the working hours?

Any children and if so how many?

Any childcare?

Any disabilities?

Hey thank you!

We anticipate this year to be £7k
Joint claim (he works I dont)
30 hours a week
1 child under 2
no childcare
no disabilities x

slowpoke22

omg apolgies I meant to type 9 not 7 (holding child lol)

Also, our 2012/2013 income was 3k xx

slowpoke22

When started a job in july 2013, estimated earnings was £11500, then stopped partway through the year due to study (they were aware of all changes as we went along the year) then he restarted work a month before end of tax year in March xx

slowpoke22

July - September worked x

slowpoke22

Hmm.. I wonder why he spent so long calculating that then? He said we got £2k less than what we should have got and that will be paid to us

slowpoke22

He knew what our income was the prev year though, he listed it out to me.
Agh this is so confusing

Caz3121

slowpoke22 wrote: »

He knew what our income was the prev year though, he listed it out to me.
(

slowpoke22 wrote: »

I asked him how he got the figures, and he said the following

* He took my estimated earning (£11500) and worked out what I was paid in tax credits for the year.
* He then took my actual P60 figure (£5600) and worked out what I SHOULD have been paid in tax credits for the year.

Did he actually talk about the £3k income from the year before, as has been said, your claim would not have been based on £11.5k income it would have been on £6.5k,

slowpoke22

He did yeah he said that he could see our 2012/2013 income as well.

Surely he would have figured there would be a disregard?!x

slowpoke22

Also, when I called back in July 2013 they asked what I anticipated the years earnngs to be I told them the £11,500. So wouldnt they base what they gave me on that?

Tax credits amount given based on 2012/2013 income of £2500
Should receive £6473.88

Based on income of predicted £11,500, we ACTUALLY received £4796.23

Initial discrepancy: £1677.65

Calculating on their currently calculator what we should receive 2014/2015 based on the actual figure of earnings £5600 for last year is £6473.88