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Tax Credits
CIS
Posts: 12,260 Forumite
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.
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.
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Correct. Your P60 should have already deducted the pension contribution.0
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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.0
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Perhaps you should refer them to the Tax Credits Techinical Manual Section 4002From 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.0 -
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 is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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