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 What is classed as income please?

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T O P I C    R E V I E W
FreshStart Posted - 04 June 2009 : 09:09:33
We are considering bankruptcy and would like to get an idea of what are classed as income, Can you please tell me if the list below are considered income, thank you.

Husband's Paid Job which I know is income

Child Tax Credit?
Child Benefit?
Housing Benefit?

Also, I would be starting a nursing course in September and would be receiving NHS STUDENT BURSARY , is this counted as income?


Thanks very much.
1   L A T E S T    R E P L I E S    (Newest First)
Suzanne Posted - 04 June 2009 : 16:31:21
Hi

Child tax credit and child benefit are taken as income, however most of this is usually offset with specific costs for the children.

Housing benefit would not be, but you would not be able to claim the full expense of rent/mortgage only the difference that you have to pay yourself.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk

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