A ROUGH GUIDE TO TAX CREDITS
“Oh, you haven’t got much money to live on at the moment? Well, how much income did you have last year – I’ll divide that by 52 and pretend that’s how much you’re getting this year, then if it’s less than I think you need I’ll top it up this year with weekly payments.
“Then, if at the end of this year you’ve actually had less coming in than you did last year, I’ll give you a lump sum extra to get you through all the hard times you’ve just had…
“But if you end up having had more coming in this year than you did last year, I’ll work out how much extra you’ve had coming in that you shouldn’t have had, and ask you for it back as a lump sum (even if you’ve spent it already).
If you can’t pay it back as a lump sum, I’ll deduct the overpayment from what I pay you weekly the following year, which will be based on what you have coming in this year, meaning of course that you’ll get even less to live on than I decide you need…”
Dear oh dear.
Posted by Anonymous to swanage view at 7:55 PM