Chapter 18: How income affects tax credits

This chapter covers:

1. Working out your income (here)

2. Grants and loans (here)

3. Earnings (here)

4. Benefits (here)

5. Other income (here)

This chapter explains how HM Revenue and Customs treats your income when working out your entitlement to tax credits. For how income affects universal credit, see Chapter 16, and for how income affects income support, income-based jobseeker’s allowance, income-related employment and support allowance and housing benefit, see Chapter 17.

Basic facts

•Most student income is ignored when working out your entitlement to tax credits.
•Some benefits and other income are taken into account.
•Gross earnings are counted as income.