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Family tax credit

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    Family tax credit

    Is there anything stopping me from claiming this since I have become a director of my Ltd co on a low salary. I pay myself 15k and the missus is on roughly the same doing a part time job. Would being a Director have any affect on on getting this i.e divedends etc. I'm not that fussed but if its there for the taking i'll ave it.
    _____________________________________________
    Go to bed with itchy ar$e wake up with smelly fingers

    #2
    Originally posted by davisc02
    Is there anything stopping me from claiming this since I have become a director of my Ltd co on a low salary. I pay myself 15k and the missus is on roughly the same doing a part time job. Would being a Director have any affect on on getting this i.e divendends etc. I'm not that fussed but if its there for the taking i'll ave it.
    Any income you receive that counts towards the taxable limits counts towards the limit for Tax Credits, less £300 "allowance". That includes dividends. This is according to the tax office people I spoke to about it last week.
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

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      #3
      Claim the wife is a lodger, and claim those as well. but do remember not to have the kids use your surname. The "advanced fraud systems" at the BA might smell a rat otherwise.
      Insanity: repeating the same actions, but expecting different results.
      threadeds website, and here's my blog.

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