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    • Top Girl
    • By Top Girl 16th Sep 17, 1:00 PM
    • 1,094Posts
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    Top Girl
    Savings affecting childcare element of tax credits?
    • #1
    • 16th Sep 17, 1:00 PM
    Savings affecting childcare element of tax credits? 16th Sep 17 at 1:00 PM
    As above really.

    We will be entitled to a small amount of the childcare element of tax credits once Top Baby goes to nursery. I am currently saving like crazy to cover the shortfall in my maternity and fund my PGCE once she's a bit older.

    What is the maximum amount I can have in my savings accounts before it affects our eligibility? OH isn't a saver so it would just be myself.

    We won't get anything else bar child benefit for her.
    Last edited by Top Girl; 16-09-2017 at 1:05 PM.
Page 1
    • poppy12345
    • By poppy12345 16th Sep 17, 1:42 PM
    • 1,665 Posts
    • 1,482 Thanks
    poppy12345
    • #2
    • 16th Sep 17, 1:42 PM
    • #2
    • 16th Sep 17, 1:42 PM
    As above really.

    We will be entitled to a small amount of the childcare element of tax credits once Top Baby goes to nursery. I am currently saving like crazy to cover the shortfall in my maternity and fund my PGCE once she's a bit older.

    What is the maximum amount I can have in my savings accounts before it affects our eligibility? OH isn't a saver so it would just be myself.

    We won't get anything else bar child benefit for her.
    Originally posted by Top Girl
    Savings don't count for tax credits purposes unless the interest recieved is over £300.
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