SIP Shares and Working tax credits

Karvya

I'm looking for some advice regarding selling some of my SIP Shares. We currently recieve working tax credits. The question is, when I sell these shares do I have to declare this as income to working tax credits? Bearing in mind when I buy the shares each month, this is not taken from the income I declare to WTC.

The shares I'm considering selling are over 5 years old, so they are completely tax free. My gut feeling is I do have to declare but any advice would be appreciated

matseft

Did you find the answer to this question? I will be wanting to sell my sip shares in October and I too would like to know how it will affect out tax credits.