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Inheritance

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Kassee | 11:04 Thu 26th Sep 2013 | How it Works
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If you receive some money as an inheritance, what is the affect of that on claiming working tax credits and child tax credits ?
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Avatar Image ummmm
Depends how much it is.

You have to declare any savings/money over 6k.
11:06 Thu 26th Sep 2013
Avatar Image factor-fiction
It's the impact on your savings that the DWP would be interested in. These benefits are related to income but I don't know whether there's a means tested element based on savings
11:07 Thu 26th Sep 2013
Avatar Image factor-fiction
I can't see any reference to savings here, although I've only glanced through it
http://www.hmrc.gov.uk/taxcredits/start/who-qualifies/what-are-taxcredits.htm
11:11 Thu 26th Sep 2013

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