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Benefits and Extra Money
LocoLoco
Posts: 422 Forumite
Hello, I wondered if anyone could clarify something for me?
I'm trying to make a bit of extra cash from home and am using the tips in the Income and Family section to do so. A friend of mine thinks I only need to declare money earned through work (ie things like Surveys or Mystery Shopping, which I was going to have a go at), as opposed to money received via things like cashback and interest on my bank account. I could only find information relating to tax credits when I had a look online and I receive Carer's Allowance, IS and Child Tax Credits rather than Working Tax Credits.
Obviously it's not going to be a fortune, just a few quid here and there but I do want to do everything above board so if anyone knows I'd be very grateful
I'm trying to make a bit of extra cash from home and am using the tips in the Income and Family section to do so. A friend of mine thinks I only need to declare money earned through work (ie things like Surveys or Mystery Shopping, which I was going to have a go at), as opposed to money received via things like cashback and interest on my bank account. I could only find information relating to tax credits when I had a look online and I receive Carer's Allowance, IS and Child Tax Credits rather than Working Tax Credits.
Obviously it's not going to be a fortune, just a few quid here and there but I do want to do everything above board so if anyone knows I'd be very grateful
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Comments
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The income you need to declare for child tax credits is the same as what you would declare if you receive working tax credits. See here - https://www.gov.uk/guidance/tax-credits-working-out-income
Mystery shopping is considered self employment and although you may not earn enough to pay tax/NIC you still need to declare it.0 -
Darksparkle wrote: »The income you need to declare for child tax credits is the same as what you would declare if you receive working tax credits. See here - https://www.gov.uk/guidance/tax-credits-working-out-income
Mystery shopping is considered self employment and although you may not earn enough to pay tax/NIC you still need to declare it.
Thanks ever so much, Dark Sparkle, there's a lot more info on that page than the one I found, that really helps. Thank you
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