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Child Tax Credits
mike1986
Posts: 9 Forumite
Hi all.
In the tax year of 2012/2013 & 2013/14 we received around £22 per month for tax credits. I was earning around £18k pa, my wife was house person looking after our 2 year old son.
In feb 2014 was made redundant but went self employed and with the projected income we were told we were not entitled to claim tax credits and was ordered to pay £31 back. I was the only one working in the household.
In 2014/15 I projected my income would be around £25000 but in fact it ended up being £16000.
I am now employed and my salary is £29450 and we now have a second child. When I filled in the calculator on there website for the tax credits it only asked for my 2014/15 income which said we were entitled to £6500 a year in credits.
It didn't ask me for my projected salary for 2015/16. Does that mean the following year I will probably have to pay some back as I will earn more than the £16k?
Thanks for the help in advance.
In the tax year of 2012/2013 & 2013/14 we received around £22 per month for tax credits. I was earning around £18k pa, my wife was house person looking after our 2 year old son.
In feb 2014 was made redundant but went self employed and with the projected income we were told we were not entitled to claim tax credits and was ordered to pay £31 back. I was the only one working in the household.
In 2014/15 I projected my income would be around £25000 but in fact it ended up being £16000.
I am now employed and my salary is £29450 and we now have a second child. When I filled in the calculator on there website for the tax credits it only asked for my 2014/15 income which said we were entitled to £6500 a year in credits.
It didn't ask me for my projected salary for 2015/16. Does that mean the following year I will probably have to pay some back as I will earn more than the £16k?
Thanks for the help in advance.
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