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Working tax credits
LYNDBO
Posts: 16 Forumite
hello all ,I'm new to the forum and hope someone can help me .I became unemployed the end of January 2016 due to health but my wife still works bringing in £15,000 p/yr before stoppages .We have tried to claim working tax credit and child tax credit and today had a letter to say we are entitled to a big fat 0 .Our income 2015 -2016 was about £50,000 ,is this the reason why we aren't entitled to anything ?
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Comments
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tax credits will initially use the previous years income for calculation. Now you have received an award you can call and give them an estimate of this years income for recalculation
If you are not planning on working this tax year, this estimate would be your wifes income plus any other relevant income. They will then add the £2.5k disregard on the the figure and use that for calculation
If you exceed this amount at the end of the tax year you will have an overpayment so if there is a likelihood of additional income, bonuses etc you would be best overestimate0 -
thank you ,so I would be entitled to it ? I also have 2 children 9 and 70
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Enter the figures into the Gov.uk tax credit calculator. Put in THIS tax years income ( but add on £2.5k ) so you get an accurate figure. You will get something if your wife works the required number of hours ( cant remember what on a joint claim ) and she only earns £15k per yearStuck on the carousel in Disneyland's Fantasyland
I live under a bridge in England
Been a member for ten years.
Retired in 2015 ( ill health ) Actuary for legal services.0 -
Do you have any income this tax year? Eg JSA CB? Do you plan on returning to work?0
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jobseekers allowance contribution based £43 p/wk ,i'm awaiting re-training to be an electrician at college0
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don't forget my wife's £15,000 p/yr0
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sorry my fault ,I'm being a pleb ,yes I'm getting £730
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