Tax FAQ
 

Claming Working Families Tax Credit, How Much In Savings Could One Have?

Question by bamboozeld | Posted in United Kingdom

A "pen-pal" of mine is planning on claiming working families tax credit, as they fit the working and income criteria, but they have a lump sum invested radical to them by a deceased relative, does this capital count in the WFTC award or only the interest earned annually?

Answer: Hi

In normal savings are not taken into account however the interest from savings is taken into account. It is classed as other gains. The first £300.00 is non taxable. So it would be the amount of interest on the savings for the full year if thats less than £300.00 no need to insinuate it anything over include it.
 
 

Will I Get Working Tax Credits This New Tax Year ?

Question by luckibuggi | Posted in United Kingdom

My proceeds for my husband and i fell drastically in October 2009..with the new tax credits award pending for April 2010 will we see a trade in our child tax credit award and will we now qualify for working families tax credit...just wondered because I onow they theme the award on last years income but thats no help to us ..we have struggled for the last 6 months and are hoping for some more balm
thanks

Answer: You should do because its year to year so if your circumstances have changed which they have and you give them a gross of your income of the past year they will work it out from there.I would ring them up and ask them directly what you have to do , i would do this ASAP because you may be entitled to some avoid now.

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Working Families Tax Credits??? Anyone Having Problems With Helpline?

Question by ali | Posted in United Kingdom

Has anyone had any problems with getting through to the helpline today, I have been tough since three o'clock today and no joy!

Is it still to late to renew your claim or is tomorrow still ok?

Answer: I had a few problems this morning disquieting to get through. I kept getting this message saying 'we are receiving a high volume of calls at the twinkling and can not answer your call.' Keep trying they are open until 10pm tonight. Tomorrow is your deadline to renew your tax credits,.

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Are Families On Child/Working Tax Credits Getting Any Extra Money Before Christmas With This New Budget?

Question by krobert1965 | Posted in United Kingdom


Hovis i exertion hard for my money as well and a few weeks ago my tax went towards helping out the banks that haven't helped me so why should my wearying earned cash go them and their parties!!!!! cheers........it's swings and unvarnished abouts with money!!!!!

Answer: Noo, switch to tax credit system comes into effect in april at start of tax year, changes to foetus benefit come into effect in january. and in reply to prev answer, do not have to have children to assert tax credits, just have to be working to get working tax credit

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Is Child Tax Credit The Same As Working Families Tax Credit?

Question by peggy | Posted in United Kingdom

Myself and my still have just had our first child and people keep telling us we should be able to receive certain benefits.... after registering our infant we sent off for child benefit but are wondering if we are entitled to any other benefit such as child tax creditation and working families tax credit just unsure if these are the same or two completely different claims

 

Working Families & Child Tax Credit Helpline Hell With Experian ...

by shazwellyn

Life story is an evolving, changing reaction and it seems that many people must be spending lots of their nonetheless on the phone to the working families & infant tax credits helpline. Maybe you are claiming for both youngster and working families tax credit. Claiming working families tax rely on. Perhaps you are claiming newborn tax credits. and, what always feels as though we continuously despatch a novelty of circumstances - all of which have a candid strike on the takings and time of families. They pauperism to story changes in their circumstances because they motion by the rules of HM Take & Customs.   Contacting HM Gross income and Customs has always been hellish but it seems that it has reasonable got worse. Callers and acquire fillers have to give masses of poop to favoured old Inland Takings - gains standing, declarations. helpline from hell-fire. Helpline agony is back with a furiously....

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