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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 .
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Comments
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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
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Yes tax credits don't care how many accounts you have, but you need to declare interest over £3000
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