Help working tax credits out

Mummyboo777

Hi
I have just called to give last year's income which was £30k not £26k as estimated. Told I can't update till I get my renewal pack, fine. Could somebody work out what our tc likely to be.

Last year income 15/16
£30k-oh
£2000-me
We have disabled child receiving high rate dla, so he gets the severe premium and I get care allow now.
This year income 16/17
£30k
£3,400 care a
We pay childcare £408 a month, I'm down as incapacitated because of the carers.
So with the overpayment how will that work? Will they deduct the 4k off our future payments?
Thanks for ur help!

Mummyboo777

We have 2 children, husband works 46 hour, me a carer to my son

Darksparkle

Just to clarify you say the income has increased from the £26,000 you estimated to £30,000.

However the figures you have quoted add up to £32,000 so actually a £6,000 increase.

We couldn't calculate any overpayment without knowing the 2014/15 income.

Also they are correct, you cannot update the 2015/16 until you get the renewal. They can however update the estimated income for the current tax year 2016/17s

Mummyboo777

Hi... Thanks
To clarify..
£26k was estimated for 15/16 for my husband
£2k for me,, so total £28k

16/17 estimate £33,400 total

14/15 income was £36k

Mummyboo777

Yes I have given them £30k estimate for this year.

Darksparkle

So 2014/15 was £36,000.

2015/16 was estimated as £28,000. The claim at that point would have been based on £30,500 due to the £2500 disregard.

It will now be recalculated on £34,500 which will give an overpayment of approx £1640.

This will be deducted from this year's award.

If you expect to earn £33,400 this year you need to give that as an estimate, not £30,000.

Mummyboo777

Yes I have given them £30k plus £3400 from. me

What would that work out to be a month in tax credits

Darksparkle

Payments this year will be based on £32,000. That'd be approx £687 per month but will be less for you due to overpayment.

Mummyboo777

Many thanks for ur help! Appreciate it!