Thursday, June 17, 2010

Working family tax credits?

hi we recieve wft and child tax and i work part time, if i worked full time would we srill recieve the same amount of child tax credits and would it just be the working tax credits that went down also would the change not occur in payments til next tax year thanks in advance



Working family tax credits?

Hi, the CTC will remain the same but the WTC may go up or down depending on how many hours your working and your income. Mine went up as a single parent working 30 hours, and went down when I changed to 20hours. Inform them at the time of change and your money should change from then, this is supposed to stop you from getting an overpayment (in theory but never actually works!!!)



Working family tax credits?

If you earn more the child tax credit does go down.



http://www.direct.gov.uk/en/MoneyTaxAndB...



This tells you about when a change in income affects payment, it seems it is usually at the start of the tax year, but only if they%26#039;re are no other changes, and you%26#039;re supposed to tell them anyway:



http://www.direct.gov.uk/en/MoneyTaxAndB...

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