We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Child Tax Credits

We owe some money to tax credits so our award is 50% of what we should get.
I reported a change in circumstance (£42,000 income with £180 a week tax credit) to £51,000 due to husband having a promotion at work I’ve just looked online and it’s gone down to £11 a week (meaning our award is £22 a week now) the online calculator says it should be £120 a week (so payments would of been £60 a week due to the overpayment).
I’ll have to wait for the letter before I ring to find out why it’s so low. Does this amount seem right as I’m assuming they’ve accidentally taken off my sons disability element?:
I pay £900 a month in childcare.
We have 5 children but only 3 of our children were born before 2017.
1 child is disabled and received MRC LRM DLA
Our yearly income is £51,000 combined.
Comments
-
Could it be that to they're not actually taking 50%, but an amount that equates to 50% of the previous award?
Just thinking £9k increase in income @ 41% withdrawal rate gives £3690 reduction (~£71 p/w). £180, less £90 ('50%' repayment), less £71 gives £19 - not far off...?
0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.1K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 243K Work, Benefits & Business
- 597.4K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards