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how will inheriting a lump sum affect tax credits?
Comments
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Ok. Thanks.0
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As oldernotwiser says Inheritance isn't an income in that sense, if you invest some of the inheritance and generate an income then that and any interest over £300 you have you declare. This si definite as I explored this myself endlessly.
You could also purchase some pension and all pension contributions are deductible for tax credits.
There are lots of threads on here about this.0
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