What Income Do You Use?
We need to know all your and your partner`s income. The average weekly income is used to work out your benefit. We need proof of all income and savings.
Earned income
We use your gross pay, less any tax and National Insurance you may pay. We also deduct 50% of any amount you pay into a pension scheme. We have to include any bonuses, overtime or tax refund you may get.
If you are self-employed we need to see your last twelve months trading accounts.
In some cases we can exclude some of your child care costs.
Other income
We have to consider any other income you get, for example
Private or works pension less any tax
All benefit including child benefit, state pension, incapacity benefit
Rent you get from boarders or sub tenants, but not from grown up children
Maintenance payments
Savings
We need to know about any savings and investments you have i.e:
Money in the bank, building society or post office
Cash in the house
Stocks, shares and investments
National Saving Certificates
Land or property that you own in the UK or abroad - other than the home you live in
Redundancy pay
Tax refunds
Premium bonds
Unit trusts
Last updated: 7 November 2006
