benefits

[woolleysheep]

do valuables count when claiming benefits

[sandyRoe]

They might. If you had money that put above the level for means tested benefits and went out and bought gold Krugerrands, the benefits people wouldn't be happy about it.

[Catapa]

As in furniture or jewellery? I don't think so, only more liquid assets.

[woolleysheep]

only seems to ask about savings, shares and income , not a rembrant on the wall

[sandyRoe]

If you owned your own house, which might be worth a lot of money, they probably wouldn't take that into account. If you bought something so that you would become eligible for benefits they might think you're trying to cheat the system.

[woolleysheep]

but if you had invested your money over the years in goods not shares would it be ok as they don't seem to ask about goods ie valuble items

[Mamyalynne]

Interesting discussions here.

http://www.rightsnet....ve/index20ef.html#top

[woolleysheep]

important if you have expect a small pension but have cash-council tax £1200- you would need £40,000@3% just to pay council tax

[woolleysheep]

are you asked to declare them

[woolleysheep]

very interesting for future claimants, suppose you could sell them off one by one and still be legal

[jackthehat]

No. Because then you would be in possession of the cash-money which would take you over the eligibility threshold 'savings'-wise.