Chil tax credits.

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Martha07

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Post by Martha07 » Fri Aug 01, 2008 11:29 pm
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Hi all,
Just a quick question for anyone who might know.
I have just had my tax credits increased by £80 pcm as joint income is lower than last year due to me returning to work part time aftr having my daughter.
I was just wondering, with the cost of living increasing, will I have to pay this into my iva?
Also do I declare it now or wait for my review which isn't til march09?
Thanks
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MelanieGiles

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Post by MelanieGiles » Fri Aug 01, 2008 11:31 pm
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Your tax credit income does need to be disclosed to your IP, but presumably is not going to affect your payments if your income has reduced.
Regards, Melanie Giles, Insolvency Practitioner
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