We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Money from Estate ?
Comments
-
You only need to declare the income from the money, not the capital itself, it's not 'income', it's capital. If the money is invested in ISAs, then the income is not counted for tax credits.Capital is not normally taken account when calculating your tax credits. However, as it is over £300 you should declare it as you will be getting income from those savings, which will be taken into account when calculating your award.
HTH and best of luck for the future for your family.I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards