We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Tax credit renewal online

Hi,

I renewed my tax credits online yesterday morning, as I have a change of income for the coming year which is £26000 from £33000 last year.
Does anyone know what difference this will make to my award and how long it takes to deal with the new award and receive the new payment?
I know the paperwork takes up to 8 weeks, but the payment is generally quicker, but having only used the online system for the first time i'm unsure! Just wondered if anyone else has received theirs yet and what was the time scale from when they renewed online to receiving the first payment?

Comments

  • ConfuZee
    ConfuZee Posts: 12 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    hi, i renewed online during the first week of june and received the adjusted payment 3wk later, but i dont know if this will be the case for everyone?
  • Buster88
    Buster88 Posts: 8 Forumite
    Hi,

    Shouldn't that be 30,500? if they don't count the first 2,500?

    Thanks
  • Icequeen99
    Icequeen99 Posts: 3,775 Forumite
    Buster88 wrote: »
    Hi,

    I renewed my tax credits online yesterday morning, as I have a change of income for the coming year which is £26000 from £33000 last year.
    Does anyone know what difference this will make to my award and how long it takes to deal with the new award and receive the new payment?
    I know the paperwork takes up to 8 weeks, but the payment is generally quicker, but having only used the online system for the first time i'm unsure! Just wondered if anyone else has received theirs yet and what was the time scale from when they renewed online to receiving the first payment?

    Can you confirm which tax years the 26000 and 33000 are for?

    IQ
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.