Relatives paying into savings account for DD - will this affect my tax credits?

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I'm very grateful that two of DD's relatives who have decided to pay £100pcm into a child saver for DD. Rather than this being kept in trust until she's 18, their intention is that it's an accessible account to pay for school trips and an extra-curricular activity like music lessons or whatever.

I opened a child saver for DD for the GP to pay into but I've noticed it has my name on the account. It's definitely her account - they needed her passport to open it.

I'm concerned that this money appearing to be in my name might affect the tax credits I receive. My tax credits don't amount to much but I very much need them at the moment.

Can anyone advise on this?

Who opened it? You say that you did but then you say that they needed her passport to open it.

Savings don’t affect tax credits -

contact.org.uk/help-for-families/information-advice-services/benefits-financial-help/benefits-and-tax-credits/tax-credits/

(They do affect universal credit).

At the moment there are two accounts on the go:

1. I opened a childsaver in my DD's name which an aunt pays into

2. My mum opened another childsaver account (again needing DD's passport) which she has been paying into but she wants to change this so that I have control of the money

Tax credits don't have a savings limit, so no it wouldn't affect you at present. If, for any reason, you moved on to universal credit, I think they would take any accessible money into account, regardless of the fact it's for your daughter. I put my children's savings into junior ISAs for that very reason.