🗳️ ELECTION 2024: THE MSE LEADERS' DEBATE Got a burning question you want us to ask the party leaders ahead of the general election? Submit your suggestions via this form or post them on our dedicated Forum board where you can see and upvote other users' questions. Please note that the Forum's rules on avoiding general political discussion still apply across all boards.

Tax credits and partner moving in

Options
Hi All,
I'm a little confused about tax credits. My partner would like to move in with me, which is great. My query is, will my tax credits drop from the date he moves in or will HMRC take my partners income into account for the tax year up to his moving in? I can't seem to find a definitive answer. Thanks in advance.
«1

Comments

  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    Options
    Your single claim will stop and you'll be sent a new claim form to apply as a couple.

    The claim form asks for last year's income for both of you.
  • lostinthedark
    Options
    Ok, but does that mean despite him moving in from say 28/2 that his income will be taken into account before he moved in and I am in danger of having to pay TC back even though he wasn't living here? That's what I don't understand. Thank you
  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    Options
    Ok, but does that mean despite him moving in from say 28/2 that his income will be taken into account before he moved in and I am in danger of having to pay TC back even though he wasn't living here? That's what I don't understand. Thank you

    His earnings only affect your joint claim. They have no affect on what you already got as a single person.
  • lostinthedark
    Options
    Ah! I see, ok thank you for that. I don't think we qualify as the income will be too high with both our salaries combined.
  • themull1
    themull1 Posts: 4,299 Forumite
    Options
    i was claiming Tax Credits as a single person, when my now husband moved in with me in the October 2011, i had to pay all the tax credits back from the April 2011 because our joint earnings from the October to the April 2012 took us over the limit for claiming tax credits in 2011.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    Combo Breaker First Post
    Options
    themull1 wrote: »
    i was claiming Tax Credits as a single person, when my now husband moved in with me in the October 2011, i had to pay all the tax credits back from the April 2011 because our joint earnings from the October to the April 2012 took us over the limit for claiming tax credits in 2011.

    You have either been advised wrong or entered the wrong information on the forms.

    Your own personal income affects your previous single claim not the household income which would only affect your claim as a couple.

    If you move in with someone your single claim stops and as long as the estimate of your own personal annual income was correct then there's no need to pay anything back.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Cheeky_Monkey
    Options
    OP - if your combined incomes will be over the threshold, will you still actually need tax credits?
  • Teahfc
    Teahfc Posts: 1,466 Forumite
    First Post First Anniversary Combo Breaker
    Options
    Ah! I see, ok thank you for that. I don't think we qualify as the income will be too high with both our salaries combined.

    How good will that feel, loved up and not having to rely on benefits to top up your wages.
    Good luck for the future, pleased for you. :T
    "Man invented language to satisfy his deep need to complain."


    ''Money can't buy you happiness but it does bring you a more pleasant form of misery.''
  • lostinthedark
    Options
    Hi, no we won't need the tax credits. I was a little concerned hearing stories of people being single parents who then went on to live with a partner having to pay credits back from the previous tax year.
    I'd like to make sure I get my facts straight before my partner moves in.
    Thank you all wise people!
  • lostinthedark
    Options
    I know, it's brilliant!! Thank you for your kind wishes
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 8 Election 2024: The MSE Leaders' Debate
  • 343.9K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 236K Work, Benefits & Business
  • 609.2K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards