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    • Karvya
    • By Karvya 2nd Dec 17, 11:53 AM
    • 1Posts
    • 0Thanks
    SIP Shares and Working tax credits
    • #1
    • 2nd Dec 17, 11:53 AM
    SIP Shares and Working tax credits 2nd Dec 17 at 11:53 AM
    I'm looking for some advice regarding selling some of my SIP Shares. We currently recieve working tax credits. The question is, when I sell these shares do I have to declare this as income to working tax credits? Bearing in mind when I buy the shares each month, this is not taken from the income I declare to WTC.

    The shares I'm considering selling are over 5 years old, so they are completely tax free. My gut feeling is I do have to declare but any advice would be appreciated
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