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HMRC internal manual

Tax Credits Technical Manual

Sums partly disregarded in the calculation of income

Payments made under a credit insurance policy

The Tax Credits (Definition and Calculation of Income) Regulations 2002,Reg.19, Table 8, Item 5.

Disregard any payment under an insurance policy taken out to insure against the risk of being unable to maintain the repayments-

  • on a loan which is secured on the house which the claimant occupies as their home; or
  • under a regulated agreement or hire purchase agreement or conditional sale agreement.

But only to the extent that the payment is used to maintain the repayments or premiums.