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Change in circumstances - help with calculation please?
backinbusiness
Posts: 917 Forumite
Good evening, and thanks in advance.
I have this evening made 2 changes to my claim.
1. Removed my daughter (31/08/2107) as she has left for University
2. Updated my estimated income to £16,725 (from £12k) as I have started a new full time job, also (31/08/2107)
I understand that I am no longer entitled to Child Tax Credit, and I think I may no longer be entitled to Working Tax Credit either.
I would be grateful if someone more knowledgeable could clarify?
What is the position regarding Tax Credits already claimed this year? I was entitled to them at the point of claiming.
Kind regards,
BiB
I have this evening made 2 changes to my claim.
1. Removed my daughter (31/08/2107) as she has left for University
2. Updated my estimated income to £16,725 (from £12k) as I have started a new full time job, also (31/08/2107)
I understand that I am no longer entitled to Child Tax Credit, and I think I may no longer be entitled to Working Tax Credit either.
I would be grateful if someone more knowledgeable could clarify?
What is the position regarding Tax Credits already claimed this year? I was entitled to them at the point of claiming.
Kind regards,
BiB
DF 
0
Comments
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What was last year's income?0
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Oh apologies - thought I'd said - £12kDF0
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The first £2,500 will be disregarded so you'll be treated as earning £14,225. This income would be too high for WTC only claims (unless disabled).
The income is applied to the whole claim.0 -
Thanks Darksparkle - does this mean I'd have to repay WTC since April?DF0
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