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Working Tax Credits & Inheritance.
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annaLB
Posts: 2 Newbie
Hi All,
New to this forum and after a little advice.
I am about to inherit money from my late Mother's estate which will be a five figure number.
I am in receipt of working tax benefits due to being on a low income and is the only in work benefit I claim. (or any benefit)
My question is does anyone know were I stand in relation to my working tax credits and having this money?
Any advice would be welcome. Thanks in advance.
New to this forum and after a little advice.
I am about to inherit money from my late Mother's estate which will be a five figure number.
I am in receipt of working tax benefits due to being on a low income and is the only in work benefit I claim. (or any benefit)
My question is does anyone know were I stand in relation to my working tax credits and having this money?
Any advice would be welcome. Thanks in advance.
0
Comments
-
Doesn't affect it.
If you gain any interest on it then you need to declare it if over £300 for the year.0 -
Thanks for your reply.
I had an idea this was the case however just needed clarification.
Thanks again,0
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