Chapter 23: How income affects tax credits
This chapter covers:
1. Income and tax credits (below)
2. Grants and loans (
here)
This chapter explains how your weekly income affects your entitlement to child tax credit and working tax credit. For information on how income affects universal credit, see
Chapter 21. See also
Chapter 22 for how your income is assessed for means-tested benefits and
Chapter 24 for health benefits.
Basic facts
– Most student income is ignored when working out your entitlement to tax credits.
– The higher education adult dependants’ grant and some elements of professional and career development loans are taken into account.
– Earnings, some benefits and certain other income are also taken into account.