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Tax credits and savings.
mampywhale
Posts: 2 Newbie
Hi. Im new to this. I currently have a part time job and am claiming Tax credits as a top up as well as HB. I have a partner who still lives with his parents, he is self employed, our long term aim is to buy a house. We aren't moving in together whilst I am privately renting as he says we'll never be able to save for a mortgage that way, my questions are, should we start living together, if he paid himself a wage say 250 a week on top of mine and then saved any extra he made into his business account towards a mortgage, would we be entitled to tax credits still or would they expect him to also include the profit he wants to save?? thanks in advance x
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Comments
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You have to declare everything to tax credits and the council, there is no way round it. And if you have savings over 6k you lose benefits too depending on the amount. If he is trying to save for your future then he is best to save and move together once he has enough deposit and has bought a home. Does that make sense? Think i rambled sorry lolWithout change there would be no butterflies
If you don't like it, change it..
The comments and advice I give are what I believe to be correct
My phone likes to use full stops instead of spaces sometimes, I type too quickly and it would take forever to go back and change them all, so please excuse them!0 -
thankyou both x0
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