Chapter 17: How income affects tax credits

• 1. Working out your income
• 2. Grants and loans
• 3. Earnings
• 4. Benefits
• 5. Other income
• Income from self-employment
• Savings and investments
• Property
• Maintenance

This chapter explains how HMRC treats your income when working out your entitlement to tax credits. For how income affects universal credit, see Chapter 15, and for how income affects income support, income-based jobseeker’s allowance, income-related employment and support allowance and housing benefit, see Chapter 16.

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.