Child tax crefit

Hi

I have a client in receipt of child tax credit, both she and her husband are low earners.  However next year the endowment policy covering her mortgage will mature.  It is estimated that it will pay out about £30K and will pay off the endowment mortgage with a few thousand left.  Am I right in thinking that the whole £30k has to be declared as income, meaning the tax credits will stop?

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Probably not

John R |
John R's picture

Hi John R

teresarose |

No need to mention it.

John R |
John R's picture

Hi John

teresarose |