We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Potential working tax credit claim for 2008/09
averageguy11
Posts: 424 Forumite
Facts
I am working/wife isent.
Due to my income we could make a 'sucessful' claim for wtc.
However, in a couple of months, hopefully, wife will be working again and this would probably push our income over the threshold.
If above happens would they look to claim back monies already paid up to the date of increase in income.
Just want to know what 'hassle' we would b in 4...and to budget accordingly.
TIA
I am working/wife isent.
Due to my income we could make a 'sucessful' claim for wtc.
However, in a couple of months, hopefully, wife will be working again and this would probably push our income over the threshold.
If above happens would they look to claim back monies already paid up to the date of increase in income.
Just want to know what 'hassle' we would b in 4...and to budget accordingly.
TIA
0
Comments
-
If your income for 07/08 was too high to claim and there is a chance that it could be too high by the end of 08/09 it is seriously not worth the hassle.0
-
Noted...but do they claim back the money tht is paid when income was not too high?0
-
Yes - its based on a full tax years income. So if your wifes income takes you over the limit for the year, you will have to repay what you have already had.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards