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Working Tax Credit (UK) does it matter how much savings you have?

Working Tax Credit (UK) does it matter how much savings you have?

Working Tax Credit (UK) does it matter how much savings you have?
My friend is in her 50s and inherited quite allot of money from her Parents. This money was for her retirement i.e. as a pension as she stayed at home to look after her children through their childhood years. Now her husband has left her and she is getting a very low income from a part time job she has just secured. If she applies for working tax credit are savings taken into consideration as with other benefits? Many thanks for any help x

Best Answer

they would check anyway for inheritance tax etc its not means tested but is linked to tax

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God I hope so - why should the rest of us pay to top up her income so she can keep a pile of money in the bank without touching it - what a world we live in!

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