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Are pension contributions and mortgage overpayments classed as deprivation of savings for U.C?
Comments
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I was wondering while reading this thread if the amount removed directly from your wages for your work based pension should be removed then for the amount of income you declare for TC purposes on your annual declaration? I had been told no . Kind regards0
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I thought the same, until I read this article. Final paragraph suggests that employee contributions should be deducted from income. https://revenuebenefits.org.uk/tax-credits/guidance/how-do-tax-credits-work/what-is-income/calculating-tax-credits-income/Mumof4piggies said:I was wondering while reading this thread if the amount removed directly from your wages for your work based pension should be removed then for the amount of income you declare for TC purposes on your annual declaration? I had been told no . Kind regards0 -
Pension contributions are excluded from relevant earnings for UC calculation purposes ...
"Employed Earnings Reg 55 ... (5)(a) any relievable pension contributions made by the person in that period."
It is permitted, however DWP from one month to the next seem to mess about disregarding the contributions.1
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