Income with tax credits

[jadeybags]

Hi. I assumed HMRC gave working tax credits the final self assessment figure to working tax credits dept by the end of January. Apparently they don't. Even though it's all HMRC!

Had a letter from working tax credits saying they haven't had my 2012-2013 final income confirmation by the end of Jan, so they are basing it on the estimate I gave them.

The estimate I gave them was £3300 for the year. The final calculation after doing the self assessment was £3735. When I gave them the estimate over the phone I think my council had my first months accounts still & I only added up 11 months worth instead of 12.

Do I need to let them know that or doesn't £400 make any difference to our payments over a year?

When I go on turn2us benefit calculator & put my income in as £100 a week, it says I should get the tax credits that I always have got, as you can see, £3735 is under £100 a week, so I could be safe?

[blondebubbles]

Are you single? If you have a partner do they have any earnings?

[jadeybags]

I'm single with 2 dependents in full time education at college

[blondebubbles]

If that's the only income you have then it won't affect your claim.

 

Tax credits wouldn't start to reduce until you earn over £6420.

 

You do still need to report any changes though.

[jadeybags]

Ok hun, thank you very much x