interest income housing allowance
January 21, 2010 | 20,00 EUR | answered by Andreas Scholz
I live with my daughter in a single-family house and have been receiving housing allowance for a year. Due to data matching, interest income of 145 euros has been determined for my daughter. This income comes from a savings account that my aunt and uncle set up for my daughter. I have not been informed about the type, extent, duration, or amount of this account. Are these interest earnings relevant?
Best regards,
Werth
Dear inquirer,
each household member must declare their income to the housing benefit office. Income includes income from capital assets, including interest income.
Even if your daughter has not yet reached the age of 16, she is still obligated to disclose interest income from savings to the housing benefit office. This is because an increased income can affect your eligibility for benefits.
Therefore, you must report the interest income to the housing benefit office. I cannot determine from here whether the interest income will result in your entitlement to housing benefit being forfeited. However, you must still inform the housing benefit office of the amount of interest income.
I hope this information is helpful. If you have any questions, please don't hesitate to ask.
Best regards,
Andreas Scholz, Attorney
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