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!
Could someone help with this child tax credit calculation?
evosy1978
Posts: 652 Forumite
Hello,
Im a little confused in the difference between 2 years reviews.
2014/2015 & 2015/2016
without going into too much detail
total income for 14/15 was £28500 so i would get £5504 and there was a reduction due to my income of £1588
total income for 15/16 was £29100 so i would get £5453 and there was a reduction due to my income of £654
I was confused as to why there is a £900 difference in the reduction...
thanks
Im a little confused in the difference between 2 years reviews.
2014/2015 & 2015/2016
without going into too much detail
total income for 14/15 was £28500 so i would get £5504 and there was a reduction due to my income of £1588
total income for 15/16 was £29100 so i would get £5453 and there was a reduction due to my income of £654
I was confused as to why there is a £900 difference in the reduction...
thanks
0
Comments
-
Hello,
Im a little confused in the difference between 2 years reviews.
2014/2015 & 2015/2016
without going into too much detail
total income for 14/15 was £28500 so i would get £5504 and there was a reduction due to my income of £1588
total income for 15/16 was £29100 so i would get £5453 and there was a reduction due to my income of £654
I was confused as to why there is a £900 difference in the reduction...
thanks
Hard to say - what was your 13/14 income figure?
IQ0 -
It was £325000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards