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coming into money and tax credits

robwend · 2008-04-10 17:54:40

going through a divorce and will be currently recieving money from the house sell, does this effect my workin tax credits? . as when i done it through a online calculator is said i still get my working tax, even at the same rate. anyone got any idea?

Comments

6022tivo Posts: 819 Forumite

11 April 2008 at 7:41PM

As many people said, the 50k does not matter, but taxable interest that you will receive must be declared (less the first £300 PA).

So, if I was you, I would top up the ISA, premium bonds are a good way as the winnings are tax free, and tax certificuts from NS&I are another way to stash the 50K and not have to worry about the interest.

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