inheritance & benefits

[123bernadett]

How do benefits dept find out if you've inherited money & not told THEM?

[plowter]

If you have accepted it from the estate then it would be considered as capital.
If you give it away, that may be regarded as deprivation of capital and potentially fraud.

[friedgreentomato]

500 will not take you over and your benefits will not be affected.

[ummmm]

Is it 6k?

[sara3]

it might if they already have a hidden stash elsewhere!

[sandyRoe]

Isn't it 16K?

[ummmm]

That's maximum, Sandy.

You have to declare anything over 6k and you lose X amount per £500 up to 16k. Or something like that.

[plowter]

If you're over pension age you can have up to £10K in capital/savngs before it affects benefits. If you've inherited £500 you've nothing to worry about, enjoy it.