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On 7 Oct, 15:42, "soundboy"
> My earning for the last couple of years have been approx £15,000 (a year)
>
> I have a partner and two kids (under 16) So I claimed Tax credits
>
> I filled in my 'new claim' as you do in April, since then my partner has
> started work earning about £17,000 (a year)
>
> Anyway because of the £25,000 buffer I haven't let the tax credit guys
> know - now I'm wondering if I should, and if I do will they reduce my
> credits.
>
> Any help would be appreciated.
They will sort out the overpayment either when you notify them or next
may/june when they ask for this year's figures.
Just depends how much overpayment you want to have.
Martin <><
But hang on - I thought there was a buffer in place? This is suppose to be
£25,000 - so if you increase or partner gets a job and the extra income
dosen't exceed this amount there shouldn't be an overpayment.