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Children's savings - do they affect benefits?
mumma2one
Posts: 131 Forumite
I want to start a savings account for my 4yr old son, do these kind of savings accounts affect housing benefit/council tax benefit/tax credits?
I know household income/savings affect it - does that include a child's account?
If it does I find that quite unfair as the savings aren't going to be for me to dip into and use, it is intended for my son when he turns 18.
Thanks.
I know household income/savings affect it - does that include a child's account?
If it does I find that quite unfair as the savings aren't going to be for me to dip into and use, it is intended for my son when he turns 18.
Thanks.
0
Comments
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If you save money in the Child Trust Fund it has no effect on benefits.0
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