We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
stoozing and benefits (child tax credit)

seatbeltnoob
Posts: 1,364 Forumite

Hi
Me nor my partner have 16K of savings in our accounts, but I am stoozing and coming close to that amount. Is it possible to hold 16K or more of other peoples money in your account for the purpose of investment? Or will the stooze money be regarded as my savings?
I may have to cancel stoozing if it means my partner cannot get child tax credit.
Me nor my partner have 16K of savings in our accounts, but I am stoozing and coming close to that amount. Is it possible to hold 16K or more of other peoples money in your account for the purpose of investment? Or will the stooze money be regarded as my savings?
I may have to cancel stoozing if it means my partner cannot get child tax credit.
0
Comments
-
Hi,
It will be considered savings.0 -
Tax credits don't count savings only income.0
-
tax credits have been shelved in our area. it's now universal credit. Should have made that clear.0
-
Yea, UC will treat it as savings.
You should be careful with this. You make peanuts doing this, one month of lost UC (and the benefits that come along with it) would probably be higher for a lot of people than 2-3 years of income from stoozing.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 598K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards