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

wishies_x

Hello,

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

Darksparkle

What you earn this year has no impact on the tax credits you received last year.

Brighty

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.

Brighty

densol_2

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.

NYM

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