Family tax credit

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threaded replied

15 June 2006, 13:26
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.
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DaveB replied

15 June 2006, 13:26
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.
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davisc02 started a topic Family tax credit

15 June 2006, 13:24
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.
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