Child Tax Credit - Continuation

FIREDreamer

Spoonie_Turtle said:

FIREDreamer said:

Spoonie_Turtle said:

[This is not judgemental, just genuinely trying to understand - how does still claiming benefits square with the notion of financial independence?]

Regardless, there are practical problems with your idea as pointed out above, unless you are indeed a carer or unfit for work.

Tax credits enabled (helped) me to pay silly money into my pension via salary sacrifice since we have been mortgage free for over 20 years and just drawing down on historic savings (PCLS) to top up any monthly shortfall.

Looking at some old posts here I don’t seem to be the only one taking advantage of this pension boosting loophole. However apart from state pension in a few years we won’t qualify for any further state largesse.

I guess a year’s tax credits (not the full theoretical amount by any means) won’t make much difference to the final outcome of retirement or not - I just asked the original question for information.

Sorry, I really truly didn't mean any judgement at all, my question was purely along the lines of relying on tax credits reconciling with the notion of independence.  But whatever, if it works, good for you and I wish you well.  [I truly have zero objection to people claiming anything they're entitled to within the rules, which is exactly what this board is here for!]  

Hopefully the comments from more knowledgeable posters have given you the information you were seeking

No offence taken x