Tax Credits

Options
CIS
CIS Posts: 12,260 Forumite
Name Dropper First Post First Anniversary
in Benefits & tax credits
Can someone confirm that I'm correct with this.

The total income declarable for Tax Credits is the total wages paid less any occupational pension contributions I make direct from my wages.
I no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.

Comments

  • woozywendy
    woozywendy Posts: 346 Forumite
    Options
    Correct. Your P60 should have already deducted the pension contribution.
  • CIS
    CIS Posts: 12,260 Forumite
    Name Dropper First Post First Anniversary
    Options
    Thought so - we've twice had it out with tax credits staff on the phone - first one said it didn't matter about taking in to acct the pension conts as I was below the tax threshold ? ??(I'm not and that has no relevance anyway ) and the second insisted that occupational pension conts weren't taken in to account to reduce income.
    I no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.
  • isasmurf
    isasmurf Posts: 1,999 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    Options
    Perhaps you should refer them to the Tax Credits Techinical Manual Section 4002
    From the total income (see TCTM04001) deduct the amount of...
    ...The amount of any contribution made by the claimant, or in the case of a joint claim, by either or both of the claimants to a registered pension scheme together with the amount of any tax relief due on those contributions.
  • System
    System Posts: 178,102 Community Admin
    Photogenic Name Dropper First Post
    Options
    woozywendy is correct, your P60 should have only your taxable income on it and that's the figure to give TCO.

    If you compare your P60 income with the total income received on your last payslip of the tax year you should see the difference In fact your payslip should have the total income and the taxable income on it.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.7K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.8K Work, Benefits & Business
  • 608.8K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards