Isa And Working Tax Credits

tali1 | 21:29 Sat 08th Apr 2023 | How it Works

6 Answers

Are ISA savings totally disregarded for Working Tax Credits ? Or do you have to declare the savings but not the interest earned ?

Strimmer Motor.

Desalination

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237SJ

There is no interest earned on ISA savings.

237SJ

Sorry, there is no tax on interest earned on an ISA

tali1

Question Author

@237SJ but are ISA savings disregarded for Working Tax Credits ?

New Judge

Unlike most other means tested benefits, there is no limit to the amount of savings you can have before you are eligible to claim working or child tax credits.

ubasses

Any savings or capital is ignored but you have to declare the interest earned.

tali1

Question Author

@ubasses I believe it is total interest of £300 per year of all isa investments ?

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