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Tax credits stopped?
Optom
Posts: 4 Newbie
Hi there. I'm due to receive ill health retirement payout from royal mail. I'm also in receipt of working tax credits as I have a little boy. I want to get back in to some form of work fairly soon, so will my payout affect my tax credits? Many thanks.
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Comments
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WTC would stop as you are no longer working. CTC would continue but you will need to declare interest that is earned above £300 per year.0
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So ill health retirement payment is not classed as earnings then?0
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Is this an ill health pension?0
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If it's taxable it counts, if not then it is ignored.
WTC runs on for 4 weeks once you stop working.0 -
It's not an ill health pension and it's not taxable0
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