Welfare Tax Credits

(asked on 12th April 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimates his Department has made of the number of claimants who are receiving tax credits with savings above £16,000 that will no longer be entitled to Universal Credit.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Shadow Financial Secretary (Treasury)
This question was answered on 22nd April 2024

No estimate has been made of the number of those receiving tax credits with savings above £16,000 that will no longer be entitled to Universal Credit.

Tax credits recipients are not required to report savings in order to claim tax credits.

Reticulating Splines