tax credits overpayment

bluesfloyd

hi, guys
just received letter from tax credits saying i have been over paid by £4,000.00
in the past, me and my wife have gave them correct information, they have sent letters/forms in the past with details about are earning, that me and my wife both agree with,
it seems that tax credit alway knew what we were earning, so why did they over pay us by £4,000.00

what do you guys think i should do????

if i do owe the money can i pay small amounts over a long time???? if so will/can they charge interest ????

thanks for you time guys,
bluesfloyd,

Caz3121

what were your 14/15 and 15/16 earnings?
what income was your last award letter based on?
did you have any changes in circumstances through the year? child leaving education etc?

Darksparkle

You first need to consider the year the overpayment is for.

Then consider what the income was for that year and if this was different from the year before. Also consider if there has been any other changes.

They send you award notices, compare the one before and after the overpayment and see what's different.

Or simply call them and ask them for the reason.

If you still have any entitlement they'll recover the overpayment from that at a set percentage depending on your circumstances.

If no longer entitled you can arrange installments. They don't charge interest.

bluesfloyd

hi, guys
thanks for all your help above,
bluesfloyd