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working tax credits
neckback
Posts: 1 Newbie
hi can anyone help i claim working tax credits at the moment but have just recieved some money in a will, if i have savings now will i lose my rights to claim and how much savings can you have. thanx
0
Comments
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No, but the interest earned may be regarded as income.0
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The capital you inherited does not affect your tax credits. But if you stick it in a bank and make interest on it then you have to declare that as income (minus the first £300 of interest)This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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