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Tax-free childcare & inheritance
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EmmaCK31
Posts: 3 Newbie
Hi,
I usually qualify for tax-free childcare. I am due to inherit money from my parents within this tax year (>100k).
I usually qualify for tax-free childcare. I am due to inherit money from my parents within this tax year (>100k).
Does inheritance count as taxable income ie am i no longer elegible?
Will I lose existing funds that I have paid in and not used yet?
Thank you
0
Comments
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inheritance is not taxable income1
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The inheritance is treated as capital, but any income you earn from it (interest or dividends) will increase your annual income.1
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