Eligibility - income (employed and self-employed): Employment income (Introduction)
Where income needs to be taken into account in the calculation of a tax credits award, customers supply details of income from the following sources, each of which is taken into account. These are
- employment income, including any employment income from overseas
- self-employment income, including any self-employment income from overseas
- Social Security benefit income.
and the following that are collectively known as other income
- pension income
- investment income
- property income
- student income
- foreign income
- notional income
- miscellaneous income.
Note: Guidance on when income needs to be taken into account in the calculation of a tax credit award and the periods over which it needs to be measured for any particular award, are covered in TCM0132120.
Note: Guidance on how income for the family should be combined, and general deductions can be found in TCM0116020.