On 8 Oct, 00:02, "soundboy"
>
>
> news: @ ...
> On 7 Oct, 15:42, "soundboy"
>
> > My earning for the last couple of years have been approx =A315,000 (a y=
ear)
>
> > 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 =A317,000 (a year)
>
> > Anyway because of the =A325,000 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
> =A325,000 - so if you increase or partner gets a job and the extra income
> dosen't exceed this amount there shouldn't be an overpayment.
My increase in the last 2 years has been less than a grand each time.
And they've sorted out the overpayment each time.
Come to think of it, many of the people I work with who are on tax
credits are regularly repaying overpayments.
Seems like the rules aren't clear or tax credits office simply don't
give consistent decisions.
Martin <><