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Pension tax free lump sum tax credits
Longtall
Posts: 135 Forumite
Will taking my tax free element of my two pensions affect my entitlement to child tax credits?
0
Comments
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If you are referring to lump sums, then no. Capital does not affect Tax Credits. If in future you get more than £300 of interest from your capital you will have to declare that as income.Longtall said:Will taking my tax free element of my two pensions affect my entitlement to child tax credits?Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.1
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