Tax credits - New job oppurtunity, would I have to repay everything?

edited 30 November -1 at 1:00AM in Benefits & Tax Credits
4 replies 1.1K views
wishies_xwishies_x Forumite
93 Posts
edited 30 November -1 at 1:00AM in Benefits & Tax Credits

I am currently part time but a full time job has come up at my place of work. It would be about a £12000 a year increase so .. alot!! Would I have to repay all of everything I had been paid in 2015/2016 .. or just everything I have had up to now for (2016-2017). I really want to work and not rely on benefits any more! But scared I will end up working more just to pay them back.

Thanks in advance x
2017 wins so far: Diddly squat :(
Make £10 a day in February - £16.05/£280


  • DarksparkleDarksparkle Forumite
    5.5K Posts
    What you earn this year has no impact on the tax credits you received last year.
  • BrightyBrighty Forumite
    755 Posts
    Also, i believe there is a £2,500 disregard on income rises, so this years tax credits would be calculated on a rise of £9,500, not the full £12,000.

  • densol_2densol_2 Forumite
    1.2K Posts
    And of course, we are three months into this tax year, so its 3 months odd of lower wage and 9 months of higher wage plus the disregard above.
    Stuck on the carousel in Disneyland's Fantasyland :D

    I live under a bridge in England
    Been a member for ten years.
    Retired in 2015 ( ill health ) Actuary for legal services.
  • NYMNYM Forumite
    4.1K Posts
    Eighth Anniversary 1,000 Posts Photogenic Combo Breaker
    As the others have said, you'd only need to repay any over payments you've received for this year.

    Congratulations and good luck for the new job :D
This discussion has been closed.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals