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 Forum - Family, home & financial issues can sometimes become a burden, let off some steam & seek some friendly advice from others. This thread is called '

Tax Credits Tax & SMP (thanks to bigbelly)

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Old Apr 29th, 2008, 12:23 PM   #11
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I dont claim anything just now, but I will once the baby is here.

This is so confusing I used to do payroll as well lol.

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Old May 1st, 2008, 07:39 AM   #12
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Can I ask one more question?lol sorry just want to get this right!

If I deduct the £100 per week that will change my monthly payments for this forthcoming year right? So when I go to fill in my renewal pack next year my p60 will show something drastically higher so that will be an over payment?

As I return to work in July(ish) I will not be entitled to that much t/c's-so how do they work it out?

Sorry for the 40 questions and thankyou once again!
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Old May 1st, 2008, 07:51 AM   #13
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Great Info thanks for sharing. Its on page 23 , would of never of known.

Last edited by fifi83; May 1st, 2008 at 07:59 AM.
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Old May 1st, 2008, 08:30 AM   #14
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Quote:
Originally Posted by KX View Post
Can I ask one more question?lol sorry just want to get this right!

If I deduct the £100 per week that will change my monthly payments for this forthcoming year right? So when I go to fill in my renewal pack next year my p60 will show something drastically higher so that will be an over payment?

As I return to work in July(ish) I will not be entitled to that much t/c's-so how do they work it out?

Sorry for the 40 questions and thankyou once again!
hi ya your renewal pack should come through any day now so put your details in there, minus the £100 a week if youve been on maternity, and they will owe you money...they back date it and you will get a lump sum in your bank account, your p60 will show the actual amount you have earnt but they will know you have been on maternity so they do the deduction automaticaly and there is no over payment..all the figures show the correct amount its the tax credits that then deduct the possible full allowance of £3900 from your earnings...
they go off your last financial years earnings and then you precidt your next tax years earnings, as long as you have declared any changes and THEY have the RIGHT info then it sohuld be simple, BUT we are talkig about tax credits here lol

h x
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Old May 1st, 2008, 11:17 AM   #15
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Wow, this seems good!!

Can you help me too plz? I'm a bit of a bimbo and I'm very confused....

I've been on mat leave for 8 months and due to go back in a week

I applied for TC's in October, so when my renewal comes (if it ever does!) what do I do? Take £3800 from what ever my net pay is on my p60 (which I've still not had either)

???

Ta xx
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Old May 1st, 2008, 11:22 AM   #16
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Quote:
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Wow, this seems good!!

Can you help me too plz? I'm a bit of a bimbo and I'm very confused....

I've been on mat leave for 8 months and due to go back in a week

I applied for TC's in October, so when my renewal comes (if it ever does!) what do I do? Take £3800 from what ever my net pay is on my p60 (which I've still not had either)

???

Ta xx

You would deduct - say you have been on mat leave 20 weeks and receiving smp for 16 weeks you would times 16 by 100 and giving you £1600 so you would deduct that amount

So times the amount of weeks you have been paid SMP x 100 and deduct that from the final year end total. Hope this makes sense.
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Lil_Baby_Boo (May 1st, 2008)
Old May 1st, 2008, 14:30 PM   #17
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Thanks.

I don't think I'll be entitled to anything anyway but its worth a try.

xx
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Old May 1st, 2008, 16:44 PM   #18
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When I had to do mine, I got the pack, and got in such a pickle trying to fill it in that I rang them. The people on the end of the phone are really helpful and if you ring them and tell them that you were on SMP, they'll do it all for you.

0845 300 3900 open 8am - 8pm seven days a week.
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Old May 14th, 2008, 12:28 PM   #19
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I have to say my thank you for bringing this to my attention is MASSIVE ...I've just been given about £1000 back.

We're doing Caitlins room & we've been discussing finances esspec as we've just moved now I can do it

I'd never have known about this had you not brought it to my attention.
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Old May 15th, 2008, 22:48 PM   #20
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Tax credits can be so confusin i got a refund after #1 nearly £1500, but they put it into your account befor they tell you-boy did i get a shock when i saw the amount seen as just before goin in bank i was tellin OHwe were skint!! Same again this year i think??
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