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Savings allowed if on working tax
Nfrancis
Posts: 4 Newbie
Hello
I would like to try and start saving and was just wondering how much your allowed in savings if you claim working tax credits I only work 16 hours at the moment but I’m hoping to go full time soon.
I would like to try and start saving and was just wondering how much your allowed in savings if you claim working tax credits I only work 16 hours at the moment but I’m hoping to go full time soon.
0
Comments
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There is no savings limit on tax credits. You will need to declare any interest as other income. Any other income over £300 per annum must be declared.0
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Any interest earned by money in an ISA is also not counted for Tax Credits.Darksparkle wrote: »There is no savings limit on tax credits. You will need to declare any interest as other income. Any other income over £300 per annum must be declared.0
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