staciew1985
05-01-2008, 08:28 PM
hello as i am newly single i renewed my tax credit and i will now get working tax credit so does anyone know how this works as in do my tax credits have to be added to my annual income to declare coz i was thinking if it does i will have to be loads of tax and im a bit worried about this
i think as tax credits will know your income, and you will just have told them that you are on your own?
you do not declare tax credits as income.
basically its a top up for you?
im sure thats right but someone will correct me if im wrong.
hugs for you hunx
angeldelight
05-01-2008, 08:33 PM
I am not certain but I do think it is correct what Lou has said
You should maybe give them a call - you have not got to go into detail just ask them the same question that you have asked here
Angel xx
angeldelight
05-01-2008, 08:34 PM
Sarah will know the answer to this I think
xx
miffy
05-01-2008, 08:35 PM
Not sure about this either so I'd either give them a call or have a look on the website.
Miffy xx
Perhaps its worth giving Sarah (nev) a pm?
she knows all about these things x
Tily Bud
05-01-2008, 08:44 PM
Hi
i get tax credits but do not add them to my income for the tax return x
Cheryl x
angeldelight
05-01-2008, 09:48 PM
Sarah do you know the answer to this ?
Angel xx
sarah707
05-01-2008, 09:55 PM
Sorry!! Was distracted elsewhere...
Yes I do know the answer... the answer is
NO
Tax credits do not get added to your income for tax or any other purposes...
The only things that add are income from property, bank interest over £300 and some types of benefits like carers allowance.
Absolutely and totally NOT tax credits, not working tax or child tax. They are your money to top your earnings up. Just make sure you tell them if your earnings go up a lot... they can adjust the amount you get during the year and you won't have to pay loads back next year...
Hope this helps! xx
staciew1985
06-01-2008, 09:04 PM
wow thanks thats good news i was getting worried thanks for your help your a star xxx
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