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Posted: Thu Feb 21, 2008 7:46 am
by katy.c
Can we claim tax credits even though we have an IVA?Im about to go on maternity leave and wondering if we can boost our income by applying for tax credits, but not sure if our IVA allows this or not?
Thanks!
Posted: Thu Feb 21, 2008 7:51 am
by Soulgrowth
Hi Katy ... and welcome to the forum. One of the experts will be along shortly to answer your query but if it's any help just to let you know that I was already claiming tax credits when I entered into my IVA and this was classed as comprising my income which my IVA payments were based upon.
So I would say, yes, you are able to claim Tax Credits but I would make sure that you told your IP as soon as possible because it would likely make a difference to your monthly payments and better to let them know sooner so that they can re-adjust your payments than being landed with a horrible increase later
Debbie
Posted: Thu Feb 21, 2008 11:25 pm
by MelanieGiles
Yes - there is no restriction to you claiming tax credits when you are in an IVA.
Posted: Fri Feb 22, 2008 10:51 am
by Oliver
Absolutely. Being in an IVA will not restrict you from claiming you Tax Credit entitlement!
All the best for your pregnancy.