Hi. We are just over 3 years into our iva and doing reallyvwell with it - the bestvthing we ever did to relieve all our money stresses. I have just completes our tax credit renewal, and although our income hasn't changed, on paper it was almost £2000 lower for 2013/14 due to my husband changing jobs and the payday crossovers. As a result of this our child tax credit has doubled. Although the extra money is always welcome what will happen when I review for 2014/15 when incomes is back to showing as 'normal'? I haven't informed tax credits of any changes to income as there hasn't been, it is just lower due to job change. We don't want to end up with an overpayment notice when we feel like we are about back on an even keel without the many arguments over money.
You can run your circumstances through http://www.turn2us.org.uk/ it is very accurate, if you award is much different you may want to query it with the tax credit office
PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
