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tax credits smp and....
Imani
Posts: 134 Forumite
had my second child recently, tax credits are aware and have updated my claim. however as i wont know untill march april my income for tax yr my claim is based on my salary.
march sees my income halved, which coincidently is equal to smp.
2 months out of the 9 months on half pay i will get a bonus.
so from work i expect to get 452 for 6/7 months. will my tax credits increase ? how is it worked out?
for those months or will they decrease. i may have to return early to work.
i currently get both work and child tax credits which were decreased but has increased slightly with new born.
any good advice comments welcomed
march sees my income halved, which coincidently is equal to smp.
2 months out of the 9 months on half pay i will get a bonus.
so from work i expect to get 452 for 6/7 months. will my tax credits increase ? how is it worked out?
for those months or will they decrease. i may have to return early to work.
i currently get both work and child tax credits which were decreased but has increased slightly with new born.
any good advice comments welcomed
would love to be a home owner. hate private renting
scared of debt. almost debt free.
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