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  • FIRST POST
    • kayjay433
    • By kayjay433 13th Mar 17, 11:49 AM
    • 9Posts
    • 1Thanks
    kayjay433
    House Sale
    • #1
    • 13th Mar 17, 11:49 AM
    House Sale 13th Mar 17 at 11:49 AM
    Good Morning,

    I have just sold my house and I am relocating to move in with my Partner. I have been claiming Working Tax and Child Tax Credits. I left my job, Friday just gone and I have written to HMRC to let them know my change of circumstance. As the portion of my equity will be at least £70k, I'm unsure as to whether I can still claim Child Tax Credits even though I wont be working. Anyone know if I should still claim, or whether my savings will be too much? TIA
Page 1
    • andrewmp
    • By andrewmp 13th Mar 17, 11:51 AM
    • 1,518 Posts
    • 773 Thanks
    andrewmp
    • #2
    • 13th Mar 17, 11:51 AM
    • #2
    • 13th Mar 17, 11:51 AM
    Good Morning,

    I have just sold my house and I am relocating to move in with my Partner. I have been claiming Working Tax and Child Tax Credits. I left my job, Friday just gone and I have written to HMRC to let them know my change of circumstance. As the portion of my equity will be at least £70k, I'm unsure as to whether I can still claim Child Tax Credits even though I wont be working. Anyone know if I should still claim, or whether my savings will be too much? TIA
    Originally posted by kayjay433
    The equity won't make any difference, barring any interest you earn on the equity which could count as income.

    You could have a million in the bank and still claim tax credits.
    • kayjay433
    • By kayjay433 13th Mar 17, 12:07 PM
    • 9 Posts
    • 1 Thanks
    kayjay433
    • #3
    • 13th Mar 17, 12:07 PM
    • #3
    • 13th Mar 17, 12:07 PM
    That's fab, thanks for the reply. I'd got it in my head that we're only allowed £16k in savings before it affects any benefits.
    • pmlindyloo
    • By pmlindyloo 13th Mar 17, 12:27 PM
    • 10,454 Posts
    • 12,373 Thanks
    pmlindyloo
    • #4
    • 13th Mar 17, 12:27 PM
    • #4
    • 13th Mar 17, 12:27 PM
    Remember that you will have to make a joint claim and the award will depend on joint income.
    • kayjay433
    • By kayjay433 13th Mar 17, 12:33 PM
    • 9 Posts
    • 1 Thanks
    kayjay433
    • #5
    • 13th Mar 17, 12:33 PM
    • #5
    • 13th Mar 17, 12:33 PM
    Will do, thanks
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