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Forum Start Madmums | Pregnancy and Parenting Forums » Off Topic Forums » Chit Chat

Tax credits rock! Topic: Tax credits rock!

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offline lavrat
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Posted: 07 July 2008 at 2:42pm | IP Logged Quote lavrat

Hey All!

Well we had a fantastic surprise yesterdayI went onto our online banking to check the finances and found we had grand more than we were expecting to have! I checked the statemnt to see where it had come from and it was made up of 5 various payments from tax credits. Having heard so many horror stories about the tax credit lot overpaying folks by mistake I decided to ring them and get them to double check everything before I got too excited. Anyway after 15 minutes in a telephone queue the guy at TC office double checked all our renewal details with us and confirmed that it was all correct Apparently DH's change in job means our CTC/WFTC should have gone up in April plus they underpaid DH his WFTC all last year. Not only do we get this one big payment, but our combined tax credits have gone up by forty quid a week which is great! We've been scrimping and scraping for months to save up for when we go on our hols on Friday, but now we can relax!  We've also been accepted onto the local authority housing register so we've recently been applying for some bigger houses too, so we're gonna now be able to put a few hundred quid away in reserve for new carpets etc when we finally move

Our finances usually suck, but this little bit of luck has definitely perked us all up!

XXX

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offline mum2joshua
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Posted: 07 July 2008 at 2:48pm | IP Logged Quote mum2joshua

Nice one babe! That happened to me 2 years ago when I changed jobs. They over calculated my earnings and I got a nice bonus in the summer. Then last year I owed them 18p lol which they took back in one lump sum (seriously they wrote to me to tell me they were taking the repayment in a lump sium lol) and this year its been calculated and its spot on! A nice bonus would be much appreciated hehe but at least I dont owe them anything hehe

Enjoy your holiday babe xxx

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offline Sticky
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Posted: 07 July 2008 at 3:07pm | IP Logged Quote Sticky

excellent, those kind of things never happen !
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offline Angelica72
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Posted: 07 July 2008 at 3:09pm | IP Logged Quote Angelica72

That's great news! Glad to hear of someone actually getting a positive result from the Tax Credits! Enjoy your hols!

xxx

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offline Vickimom
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Posted: 07 July 2008 at 6:34pm | IP Logged Quote Vickimom

Nice one, I love it when they rearrange it all!  I'm hoping for a bit extra in the next couple of months just need to get the details from the accountant, unluckily (or luckily) the farm hasn't done as well as dh hoped this year!

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offline jecko
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Posted: 07 July 2008 at 9:53pm | IP Logged Quote jecko

lucky you, wish they had made a mistake with me a grand would do me just lovely at the mo lol - enjoy the spare cash hun xx jue xx
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offline mum of 4!
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Posted: 08 July 2008 at 10:07am | IP Logged Quote mum of 4!

Brilliant, just what you need isnt it!
I hope you put that extra money to good use and spoil yourselves rotten lolol
x-x-x
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