Business & Finance

Loss of Benefits.

My brother -in-law aged 83, lives alone in a council flat. He has savings of £7,500 and would like to know how much he can have in the bank before his benefits are affected. Thank you.

Denisdiamond Mon 05/05/08 09:46

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Fay Mousse
Mon 05/05/08
10:19

There is not a straightforward answer - it depends on the type of benefits and pension credits he gets:

http://www.easthants.gov.uk/ehdc/benefitsweb.n sf/webpages/Savings+and+Capital

There is no doubt the government will find out about his savings as they are subject to income tax and the Inland Revenue will be aware.

Denisdiamond
Mon 05/05/08
18:10

Question Author

Thank you, Fay. That link helped a lot.

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