£25,000 tax credits disregard

cybil22

cybil22 wrote: »

What a worry if your income drops below £35,500!!!!!!!!!

i must say you quote what if our income is 32k per year, you obviously don't read much into this forum as there are people with basically no money looking for ideas to save money on shopping etc which earning 32k per year would not be an issue for you!

wigit

How rude are you cybil22.
You dont know me or my circumstances, how dare you judge.
This perticular forum that i have posted on is for benefits and tax credits, i have a genuine query on my tax credits award.
I have asked for advise on tax credits not on how to save money on my shopping.
May be you should read through all of the posts on my thread before you leave comments like that.
I dont need to be disrespected because both myself and my husband work.

OrkneyStar

Cybil, What you say is true in that there are people with a lot less money than wigit has however you know nothing about his/her situation other than income so don't be so judgemental. People live according to their income in a lot of cases and if you suddenly have a drop in income it can be hard sometimes.
I gave up work to be a SAHM and our family income is low, so yes I come on here for money saving and income maximising tips, but I am no more entitled to do this than wigit!
Please look at my signature and try to do this!

Morporkian

OrkneyStar wrote: »

however you know nothing about his/her situation other than income so don't be so judgemental.

Very true! The OP said that they have 4 children, which does make a difference.

EG: I have one child and we got £16,850 last tax year (£3000 off of what they said, so waiting on renewal forms, but that's not the point! lol), so if I was to multiply that by 4 (to keep the proportions the same for 4 kids, VS 1) then it would be £67,400 - Almost twice as much as the OP will have for this year.

To the person being rude: Goodness, try thinking first and if what you want to say is not polite and/or helpful to the discussion, then just don't say it!

bestpud

cybil22 wrote: »

i must say you quote what if our income is 32k per year, you obviously don't read much into this forum as there are people with basically no money looking for ideas to save money on shopping etc which earning 32k per year would not be an issue for you!

If the OP had come on here complaining bitterly about their income and saying they were not being paid enough benefits etc, I'd be the first to agree with you.

Hardly how it is though is it?

This site is about saving money and avoiding debt, and ensuring they don't receive an overpayment is very sensible imo!

wigit

Thank you all very much for your advice.
I THINK i am a bit clearer now??????????????

wigit

Back again
Well things not working out with both myself and my husband both working due to kids and family life and so on so i will need to give up my job as i earn the least money.
What i need to confirm is that will i have yo pay back the extra money that i have been getting due to the £25,000 disregard or will they just recalculate it on my hubbys wages for this year plus what i have already earned for this year which is £26,780 for him and £2,000 for me, totaling £28,780 less £25,000 disregards = £3,780 so my 09/10 income will still be based on £10,604 from 08/09
Is this right?????????

wigit

Any advice would be of help

wigit

Updated!!!!!!!!!!!!!!!

mazjam

thriftymomma wrote: »

As long as you tell them of any changes within a month, you shouldn't have to pay anything back. Don't panic!!

except our income increased by 5k, we informed them immediately, they disregarded it as it was less than 25k, and now we have a 1,250 overpayment ! our income went up again this year, so we are having to make repayments which we wouldnt have if they had applied our 5k increase in income.... the money does not get written off ! it just gets stored up to hit you in later years !! YOU WILL GET AN OVERPAYMENT !

I now no longer want to receive any tax credits as they just get us into debt with the TCO. but i have to claim them to pay back the overpayment with !