Tax Credit question
Discussion
OK, maybe it's me being thick here, that's not difficult. Letter from our glorious rulers is as follows:
Amount to be paid:
Working Tax Credit £497.24
Minus
Payments already made by us £661.85
Amount due from you £164.61
That bit I get, they continued paying me the same monthly amount from the last tax year while calculating my credit for this tax year. But this bit is what I can't fathom:
Although we calculate the amount due from you is £164.61, we will pay you a further £260.54 from now to 5 April 2012. If nothing else changes before 5 April 2012 you will be overpaid by £425.15 for this award period.
Am I correct in thinking, that even though they know this money is an overpayment, they are just going to keep sending it to me anyway? And I have looked though the letter high and low but I can't get where they calculate the amount of £260.54 from, or why they want to pay it to me.
In a word - eh???
Amount to be paid:
Working Tax Credit £497.24
Minus
Payments already made by us £661.85
Amount due from you £164.61
That bit I get, they continued paying me the same monthly amount from the last tax year while calculating my credit for this tax year. But this bit is what I can't fathom:
Although we calculate the amount due from you is £164.61, we will pay you a further £260.54 from now to 5 April 2012. If nothing else changes before 5 April 2012 you will be overpaid by £425.15 for this award period.
Am I correct in thinking, that even though they know this money is an overpayment, they are just going to keep sending it to me anyway? And I have looked though the letter high and low but I can't get where they calculate the amount of £260.54 from, or why they want to pay it to me.
In a word - eh???
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