Benefits and Savings

My husband has an opportunity to take a early pension, which includes a lump sum. How will this affect any benefits I am claiming. Does DWP treat money in a current account as savings?
17:53 Fri 19th Feb 2010
 
Best Answer


No best answer has yet been selected by bestmum. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

Only 1 answer

yes, any money you have access to is counted as capital for benefits purposes. and now it depends what benefits you're receiving. you should declare all capital for means tested benefits, anything over £6k may well start to reduce your entitlement.

Only 1 answer

Related Questions

never claimed benefits in 40 years of work, if made redundant, what if any benefits would I get, have my own house, savings for a rainy day, wife works and receive small Forces pension....
i often see people on here asking about benefits and quite often about means tested benefits. the reply comes back that if you have between 6-16000 in savings, you wont be eligible. Fair enough. Now...
Currently I am in receipt of Incapacity benefit and middle rate Disability Living Allowance. I don't play the lottery as many people do (regardless of income type) but I do enter into crossword...
My mother is 92 and as she is nearly blind, she has been claiming financial help for the past year. Apparently, she is allowed to have up to £10,000 in savings, but after that she'll lose her...
My partner brings in ?1000 per month, I bring in ?1100. both working full time. We have outgoings jointly (excluding mortgage) of ?1700/mth. We are trying to work out what size mortgage repayment we...
Not sure where to put this, but here goes. Can someone who has been self-employed all his life, but has now become seriously ill, claim benefits? He’s 52 and has paid his National Insurance...

Latest posts