Does having savings effect the amount of child tax credit you get?

I currently receive CTC but will be receiving some monies due to a death of a family member.





Will this effect the amount I receive in CTC





Thank you

Does having savings effect the amount of child tax credit you get?
I don't believe its means tested it is to do with the amount of hours you work.
Reply:About 5 years ago I had savings over £6,000 because I had sold my house and was living with a relative at the time, they said I was not eligible, until that April (2003) when they were changing the system. I have since built my own home, however, on each annual renewal, I do include the amount of interest my remaining savings have earned.
Reply:Savings over £8500 are considered for this.
Reply:No your savings won't effect it, it is worked out on your wage