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!
wtc how much savings are you allowed
bkca1230
Posts: 151 Forumite
hi we receice both tax credits and was just wondering what amount of money you are allowed in bank accounts .
0
Comments
-
No limit at all.
Although any taxable interest/dividends you earn will count as income for tax credits calculations (tax free interest/dividends eg ISAs don't count).0 -
we just have 2 current accounts for everday living so if i opened another one for emergencies that will be ok0
-
Yes tax credits don't care how many accounts you have, but you need to declare interest over £3000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards