Tax credit estimate

[Arcanegirl]

Im sure im making this harder than it really is but its confusing me!

Im on SMP for most of 2012/13 tax year, it started yesterday and will finish in February.
I left work working the same hours that TC have recorded for me and pretty certain I will return to work with the same amount of hours and pay.

Would it make sense to take my yearly earnings from 2011/12 and then deduct the 39 weeks smp off that to get my estimate if i know my work hours haven't and wont change?

Hope that makes sense

 

[Laucu]

I think they will calculate your earning for 2012/2013 to include what you plan to work, and what you will bring in SMP wise... when I updated mine, they took my maternity allowance into the equation but the first £100 per week didn't count (so they calculated £35.45 x 39). Does that make sense??! Tax credits are so confusing!

 

[Arcanegirl]

Yea that makes sense It is so confusing!

 

[hulahoop09]

I agree they are a nightmare!!! Glad someone helped you as I wasnt too sure reading it either. Lol. They drive me nuts! They based our 2011/12 claim from oct last year based on what I worked in 2010/11 pay which is fine but when I called to tell them I will be on maternity (SMP) they werent fussed and didnt take details so I gotta make sure I call them with our P60 totals and to take off my smp when we get our renewal pack. BUT I originally thought we may get a little payback owed as our total will be 5.5k less but I think because it is still over 22k we wont get anything We arent allowed to claim anymore and god do we miss that £45 per month!!! Grrrrr

xx

 

[stardust599]

Similar situation. Are you taking any unpaid leave?

I worked out exactly what i'd be paid this year. So -

April 2 weeks full pay before SMP (annual salary divided by 52wks then x.2wls) plus
6 weeks 90% salary SMP ( annual salary divided by 52 weeks then x 6 wks then divided by 10 and times by 9 to get the 90%figure) plus
33 weeks SMP (weekly SMP figure x 33) plus
11 weeks unpaid leave

Then I had my actual total figure for the year. I then subtracted 3900 to disregard the first 100 of 39 wks SMP. It should only be out by a few pounds xx

 

[Arcanegirl]

I finally got my letter today with actual figures so hopefully can work it out!