Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • holsru3
    • By holsru3 13th Oct 16, 9:00 PM
    • 3Posts
    • 3Thanks
    tax credits and savings
    • #1
    • 13th Oct 16, 9:00 PM
    tax credits and savings 13th Oct 16 at 9:00 PM
    just wondered if and how tax credits are affected by savings??

    recently sold a caravan so have some money in the bank and worrying about it

Page 1
    • sheramber
    • By sheramber 13th Oct 16, 9:04 PM
    • 2,599 Posts
    • 1,999 Thanks
    • #2
    • 13th Oct 16, 9:04 PM
    • #2
    • 13th Oct 16, 9:04 PM
    Only Interest over £300 on savings is counted for tax credits but not the actual savings.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

899Posts Today

6,553Users online

Martin's Twitter
  • Just changed my profile description. Wish I was cool and brave enough to go for one of those really short ones!

  • Happy with my 15k time today, one of my fastest 1:18:56. Managing to keep up my 150k a month target.

  • That's why I'm asking question. To see whether people perceive they are or aren't.

  • Follow Martin