We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Tax credits and company shares

peppapig14
Posts: 266 Forumite

I recieve child tax credits, and also pay monthly into a company saye share scheme. These are now maturing and I will be selling them.
I'm confused as to how report these to tax credits? How would I record them in the additional income section as it is only for interest on shares which I will not be getting?
Thanks
I'm confused as to how report these to tax credits? How would I record them in the additional income section as it is only for interest on shares which I will not be getting?
Thanks
0
Comments
-
I never reported my SAYE scheme years ago while on tax credits and I sold straight away after maturing. I know you definitely have to report dividend payments if you keep your shares.0
-
jojaca said:I never reported my SAYE scheme years ago while on tax credits and I sold straight away after maturing. I know you definitely have to report dividend payments if you keep your shares.
In terms of dividends if I recieve them and they are then used to reinvest into buying more shares do I declare them?0 -
I always thought the rule of thumb was if you paid tax on a payment then you needed to declare it.
You can avoid capital gains when the share mature by either putting into an ISA (you've 90 days to do this) or a pension.
Proud to have dealt with our debtsStarting debt 2005 £65.7K.
Current debt ZERO.DEBT FREE0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.1K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 243.1K Work, Benefits & Business
- 597.4K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards