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Savings and tax credits

3 replies

reillys1 · 05/03/2018 21:32

Hi just wondering how much savings you can have when receiving working tax credits and child tax credits and do you need to tell hmrc or just if it makes interest. Thank you

OP posts:
Andbabymakesthree · 05/03/2018 21:34

This is covered on the HMRC website. You just have to declare income from savings not savings themselves.

reillys1 · 05/03/2018 21:52

Thank you I have been searching the internet n websites but could only find it about universal credit and I'm still on the working child tax credits

OP posts:
Auspiciouspanda · 05/03/2018 21:55

If you’re still on tax credits then there is no savings limit, only the income on capital.

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