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Another tax credit question - should I declare a cash gift I received?

(3 Posts)
cathcat Mon 24-Aug-09 19:10:51

Sorry this is similar to another thread but didn't want to hijack it.
Phoned today as our Tax Credits were in a muddle. The woman checked details and asked if I received any other income last year apart from my wages. About 6 months ago I received £3000 from my mum as she inherited everything from my dad. It is in my ISA.
Should I declare that?
How much are you allowed to have in savings?

lepirate Mon 24-Aug-09 19:16:40

It's a tax free interest, that's the point. I belive you are allowed to have much more than 3k in savings, if you mean you are filling in something that might affect bens and the like?

mejon Mon 24-Aug-09 22:54:44

You don't have to declare savings only the interest paid on it.

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