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    • ymakesmile
    • By ymakesmile 8th Apr 18, 2:28 PM
    • 460Posts
    • 1,015Thanks
    Tax credits question
    • #1
    • 8th Apr 18, 2:28 PM
    Tax credits question 8th Apr 18 at 2:28 PM
    Could anyone help clear this up for me, as I have read how tax credits are worked out and its so confusing.
    Income as follows 2016-2017 9800
    2017-2018 gave 28000 but actual was 26000
    2018-2019 is 27300

    I am guessing from what tax credits we received that the 2017-18 award was based on 28,000 minus the disregard of 2500. So my question is that when I give the final amount in for the year as 26000. Will our final award for 17-18 be based on 26,000 so therefore we would of been overpaid or will it be based on 26,000 minus the 2500 disregard? Plus what will the 18-19 award be based on?
    If anyone can make sense of that for me I would appreciate it. Thank you!
Page 1
    • Darksparkle
    • By Darksparkle 8th Apr 18, 7:49 PM
    • 5,293 Posts
    • 3,461 Thanks
    • #2
    • 8th Apr 18, 7:49 PM
    • #2
    • 8th Apr 18, 7:49 PM
    2017/18 will be recalculated on 23,500.

    2018/19 will be based on 26,000 unless 2018/19 income increases decreases by 2,500.
    • ymakesmile
    • By ymakesmile 8th Apr 18, 8:06 PM
    • 460 Posts
    • 1,015 Thanks
    • #3
    • 8th Apr 18, 8:06 PM
    • #3
    • 8th Apr 18, 8:06 PM
    Thank you for that! That is what I thought but was driving myself mad trying to figure it out from what I had read about disregards etc...
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