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Tax Credits Overpayment! Help please!
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blondebubbles wrote: »The only thing I would say about that is that because tax credits are calculated using the full tax year income, even if they'd updated your income in the January, you'd still be overpaid from April to January.
What would have happened if I had paid £3,546 into my personal stakeholder pension?
The way I see it is the calculation would have looked like this:
£17,546 - £3,546 = £14,000
disregard £5,000 = £9,000
£9,000 - £9,000 = 0
Overpayment zero.
Would that be right?0
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