Payment Profile (Info)
The payment profile can be arranged once the following have been established
- Award details
- Recipient of the award
- Method of payment
- Payment frequency
- Regular pay day
Payments will be scheduled until the end of the renewal period and will be paid at the same daily rate as the last day of the current award year, subject to recovery of overpayments and changes of entitlement that occur within the renewal period.
If more than one tax credit is due to a family but to different applicants, a payment schedule will be set up for each claimant.
Where the same claimant is being paid tax credits at more than one frequency, a payment schedule will be set up for each payment frequency.
Changes that do not effect the award and payment amounts, yet, impact on payment schedules, such as change of bank account details, will also be processed automatically.
Click here
- For an example of a worked payment profile for an initial award
