Wftc And Savings

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chocolatejonny
chocolatejonny Posts: 2 Newbie
in Benefits & tax credits
:confused: What is the current limit on savings when claiming WFTC?
If my child has 5K invested and I have 3K (we wish!) does this mean we can't claim it?
The site is a little confusing.

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  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    Your savings are not taken in to account for tax credits. The only thing classed income from them is the taxable interest made, ie if it is a tax free savings account such as an ISA, you dont declare anything.
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