pip and taxcredits calculations
rasberry
Online Community Member Posts: 31 Connected
Hi there can someone kindly explain to me when we get a weekly amount do we multiply that by 52 weeks then divide by 12 to see if we get the correct amount paid to us?
this for pip allowances and tax credits as they show them in per week values.
this for pip allowances and tax credits as they show them in per week values.
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Comments
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PIP is paid every 4 weeks and not monthly, so you multiply the weekly amount by 4. There will be one month per year when you'll receive 2 PIP payments.Tax credits is monthly but can also be weekly, for monthly you multilpy the weekly amount by 52 and divide by 12.0
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Thank you Poppy .0