What is classed as income?

sox8369

Hi Supermum - please tell her not to worry - it will all get sorted out, but with everything going on, its no surprise that she cant think straight - i know that at the time it feels like there is no end in sight to all the hassle - but it will get sorted.

Like the comment that the ex is a waste of space - arent they all !!!

Please get her to write an accurate list of everything she has coming in (to the penny) and then all her outgoings - then go and get some legal advice to make sure he is paying all he should be - something isnt sitting right with the fact she is dumped with all this financial trouble.

In the meantime write down all the different agancies you deal with - from benefits to council tax and then gradually work your way through the list updating them on the situation.

I really feel for you - but she must stand strong and fight for her rights and make her ex step up to the plate.

AsknAnswer2

The following is classified, and must be declared as "income" for tax credit purposes (I have not included self employment here):

Benefits

• Bereavement Allowance.
• Carer's Allowance - this used to be called Invalid Care Allowance - including any Child Dependency increase.
• Incapacity Benefit - only include benefit paid after the first 28 weeks of incapacity together with any Child Dependency increase. Don't include benefit paid during the first 28 weeks of incapacity. If any tax was taken off your benefit, include on the claim form the amount that was due to you before the tax was taken off.
• Income Support - this is only taxable if you were in a couple and the person receiving the Income Support was on strike. You don't need to report it otherwise.
• Contribution-based Employment and Support Allowance – it is only the contribution-based allowance that is taxable. Don’t include it if it is the income-related Allowance.
• Contributions-based Jobseeker’s Allowance.

Earned Income

• tips
• money you got because your job ended or changed, and which was taxed
• strike pay from your trade union
• money you made from stocks and shares that you got from your employment
• payments for any work you did whilst serving a sentence in prison or on remand.
• Gross pay

Employer Benefits

• Any mileage allowance payments over the tax free approved amount
• Running costs your employer has paid for
• A company car
• Car fuel
• Expenses payments made to you unless they were business expenses
• Goods and assets your employer has given to you
• Payments made by your employer on your behalf
• Vouchers or credit tokens

Other income (if the total is over £300)

• income from your savings before tax is taken off
• investments, such as company dividends
• pensions
• income from property
• income from trusts, settlements and estates
• foreign income
• notional income

sunnyone

AsknAnswer2 wrote: »

The following is classified, and must be declared as "income" for tax credit purposes (I have not included self employment here):

Benefits

• Bereavement Allowance.
• Carer's Allowance - this used to be called Invalid Care Allowance - including any Child Dependency increase.
• Incapacity Benefit - only include benefit paid after the first 28 weeks of incapacity together with any Child Dependency increase. Don't include benefit paid during the first 28 weeks of incapacity. If any tax was taken off your benefit, include on the claim form the amount that was due to you before the tax was taken off.
• Income Support - this is only taxable if you were in a couple and the person receiving the Income Support was on strike. You don't need to report it otherwise.
• Contribution-based Employment and Support Allowance – it is only the contribution-based allowance that is taxable. Don’t include it if it is the income-related Allowance.
• Contributions-based Jobseeker’s Allowance.

Earned Income

• tips
• money you got because your job ended or changed, and which was taxed
• strike pay from your trade union
• money you made from stocks and shares that you got from your employment
• payments for any work you did whilst serving a sentence in prison or on remand.
• Gross pay

Employer Benefits

• Any mileage allowance payments over the tax free approved amount
• Running costs your employer has paid for
• A company car
• Car fuel
• Expenses payments made to you unless they were business expenses
• Goods and assets your employer has given to you
• Payments made by your employer on your behalf
• Vouchers or credit tokens

Other income (if the total is over £300)

• income from your savings before tax is taken off
• investments, such as company dividends
• pensions
• income from property
• income from trusts, settlements and estates
• foreign income
• notional income

My incapacity is exempt for tax credits, all pre `95 is (I dont claim them but a friend does and he showed me his form saying this and I already knew that mine is untaxable)

catenorfolk

iamana1ias wrote: »

Sooner these stupid tax credits get scrapped the better. They're an absolute farce.

They are not a farce if you are getting them, and sometimes any help is better than none. I think that we should be grateful that many people are able to get them!!!

hookes789

Hi, can anyone tell me if I have to notify the working family tax credit about ppi refunds?? Thanks in advance.