Has Working tax credit disregarded income risen to £25000?

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Has Working tax credit disregarded income risen to £25000?

A woman on the helpline told me today that the disregarded income for tax credits has risen from £2500 to £25000. Is this true and if it is when did it happen?

2007-02-19 03:10:20 · 2 answers · asked by cigaro19 5 in Business & Finance ➔ Taxes ➔ United Kingdom

2 answers

Yes, the woman on the helpline is correct. From this tax year (06/07) as long as your household income does not rise by more than £25000 (previously £2500), your award will be calculated using previous year income. This happened at the start of this tax year.
Hope this answers your query.

2007-02-19 10:03:55 · answer #1 · answered by hotguy18 2 · 1⤊ 0⤋

does that sound right to you, it does not to me

2007-02-19 03:40:16 · answer #2 · answered by sylvie c 4 · 0⤊ 0⤋