Maximising your income means that you are taking all the opportunities available to you:
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To increase your earnings
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To reduce the amount of tax you pay by making sure your tax code is correct and
checking that you are claiming any tax credits you are due
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To claim any benefits you are entitled to
You should start by checking that your are receiving all the tax and welfare benefits that
you are entitled to
Information about Tax credits can be obtained from the Inland Revenue website -
www.inlandrevenue.gov.uk/taxcredits/index.htm
Information about benefit entitlement can be obtained from your local Citizens Advice
or local authority welfare rights office. Information about how to claim can be found on
Benefits Agency website
www.dwp.gov.uk/lifeevent/benefits/index.asp
Employment - overtime. This can be useful to help clear priority arrears.
Lodgers - but, bear in mind the following points:
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You may need permission from the landlord or mortgage lender under your
tenancy or loan agreement.
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The effect on any benefit income
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Contents and/or buildings insurance policies may sometimes be affected,
although this is less likely where the owner or tenant remains in the property.
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The personal situation of a family should be carefully considered. Debt is
extremely stressful and the family may not be able to cope with the additional
stress of a lodger.
