stoozing and benefits (child tax credit)

seatbeltnoob

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.

Iwillbedebtfree

Hi,

It will be considered savings.

[Deleted User]

Tax credits don't count savings only income.

seatbeltnoob

tax credits have been shelved in our area. it's now universal credit. Should have made that clear.

jcontest

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.