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HMRC internal manual

Tax Credits Manual

Eligibility - income (other than earnings): Income - other than earnings (Introduction)

This section gives guidance on what income other than earnings from an employment or self-employment should be taken into account in the calculation of entitlement to tax credits.

To calculate the other income of a customer (and their partner where applicable) for a tax year you must add together

  • pension income
  • investment income
  • property income
  • foreign income, including foreign income that hasn’t been remitted in the UK although, foreign income which can’t be remitted and is relieved from income tax by virtue of Chapter 4 of Part 8 of ITTOIA may be disregarded for tax credit purposes
  • notional income

If the total amount of pensions, investment income, property income, foreign income, and notional income exceeds £300, only the excess is included.

For information on employment and self-employment income, use TCM0118000.

Note: For guidance about 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, use TCM0132120.