tax credits question

fkelanne

ive just done my renewal over the phone. Really quick and easy!
My question is, i started work in september so on my p60 its says ive earned £2871.24.
But on my tax credit reward sheet it says its based on me earning £3105.56.
Will i get the rest of the money payed to me? i no its not a lot but all helps!(ha ha) And does this mean i wont get an over payment prob?
thanks

fkelanne

iv just phoned them, they said to phone back on thursday aned they will tell me what my tax creds we be and if there are any onderpayment payble

mitchaa

I doubt there will be a difference anyway. I would assume on a salary that low that you would be entitled to full tax credits regardless. I dont think you're at the lower earnings limit where it begins to taper off.

I may be wrong, but i doubt there will be a difference.

fkelanne

i only started work in september thats y its that low, its goin to be £5520 for next year.
i dont expect any dif, but would like to no if there would be any payment for underpayment

[Deleted User]

You are under the 1st income threshold so there will be no underpayment I am afraid. Your payments for the coming year will income a little though as the WTC rates have increased.

fkelanne

i dont get that, tax cred worked my tax cred out based on me earning over £3000 for last year and i only earned £2800, so y shouldnt there be under payment?

Gemmzie

Because there's bands of wages that equal an amount that your entitled to, both £2800 and £3000 must be in the same band