Working tax credit

[jrtv]

Does the working tax credit stop when you reach pension age and start to receive the state pension ?

[themas]

Not if you are still working & qualify for it. But the pension is part of your income & any increase in income will reduce or remove entitlement. You must let Tax Credit Office know when you start gettting the pension.

[lucca]

If you're continuing to work, you can put off actually taking the pension and allow it to build up. It will be worth more when you eventually take it. I don't know if wtc ignores it (because it won't show up as your income yet) but I'm sure the govt website or CAB could explain.

[jrtv]

Thanks to you both, I have been on there web site and its a mind blowing. I am self employed but will pick up my state pension next Feb, that will take me up £14500 a year, the wife is on a state pension of £6800 making it £21300 so the working tax credits will stop, If I pack in ( got poor heath at mo ) we will have a joint income of £14745, will we be able to claim anything else ?

[themas]

Probably not, but you need to check out Pension Credit, & possibly Council Tax Benefit & Housing Benefit (if you are renting). I think there is info on direct.gov site, or contact CAB. I suspect your income will be too high but its worth checking anyway.

[jrtv]

thanks themas