HMRC tax credits enquiry

rbcjhub

Hi all,
Just a quick question.
I have recieved a letter from HMRC and want me to confirm some details which is fine.
But one question has me stumped.
One part asks for any other income including investments, shares, rental income or interest on savings.
Now its asks this for myself, my partner and my children.
The question is, my eldest has a child trust fund, is that something I need to declare (for the purpose of "interest on savings") ?

TIA

Darksparkle

No you don't.

rbcjhub

Thanks for your speedy reply.
Just so I have a better understanding, may I ask why this is the case?
Thanks again

calcotti

https://www.gov.uk/child-trust-funds See fourth paragraph.

https://www.gov.uk/guidance/tax-credits-working-out-income See under savings and investments where it says do not include income from tax exempt investments.