WFTC and spousal maintenance capitalisation - Divorce Forum

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Re:WFTC and spousal maintenance capitalisation (1 viewing) (1) Guests

Discussion on state benefits during and after divorce. What benefits am I entitled to? Will my benefits be affected by the maintenance I receive?

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TOPIC: Re:WFTC and spousal maintenance capitalisation

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#49099

spooky (User)

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WFTC and spousal maintenance capitalisation 2 Months ago
if I get capitalisation of spousal maintenance am I still entitled to wftc and child tax credits? I have 4 children still at home. Would it be better for me to wait until the girls have left home before capitalisation? (if it happens at all! ) Many thanks

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#49102

Bunty (User)

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Re:WFTC and spousal maintenance capitalisation 2 Months ago
Hi Spooky I think the only way you receiving capital would affect tax credits would be if you put it in the bank and received more than £300 a year interest from it.If it goes to pay off debts or the mortgage there would be no perceived income from it Bunty

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