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What counts as income?
MrsBartolozzi
Posts: 6,358 Forumite
in Credit cards
I'm applying for the Post Office card both for the bonus £50 cashback and for using abroad.
The application form asks for "gross income" doesn't say earned income or income from a job. Can I include maintenance from husband in this? I only work part time, so wouldn't get the card on my wages alone, but with the maintenance (which allows me to work part time while child is at school) I should be accepted. I also get tax credits but have no idea whether I could even include them either - I wasn't going to.
I have read the t&cs but there is no mention of what counts as income.
Thanks.
The application form asks for "gross income" doesn't say earned income or income from a job. Can I include maintenance from husband in this? I only work part time, so wouldn't get the card on my wages alone, but with the maintenance (which allows me to work part time while child is at school) I should be accepted. I also get tax credits but have no idea whether I could even include them either - I wasn't going to.
I have read the t&cs but there is no mention of what counts as income.
Thanks.
It's only a game
~*~*~ We're only here to dream ~*~*~
0
Comments
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Everything is income. Maintenance, benefits, wages, interest. The whole lot add it all up and you can safely declare the total as your net weekly income after tax and NI. If they want the gross income figure then multiply your net by 1.5 and then deduct £50 to account for the Tax and NI that would have been deducted had it all been wages.
i.e Maintenance £50 plus net wages £200 plus child benefit £20 plus tax credits £130 = £300 then times 1.5 to make £450 then minus £50 to make £400 per week.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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Thanks,
Really? I'm surprised that they count benefits in there too. Oh well going to change the form now
.
It's only a game
~*~*~ We're only here to dream ~*~*~0
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