ChatterBank1 min ago
If You Were On Means Tested Benefits And Had
30 Answers
A lottery win of a few thousand which made you ineligible for support would you tell the authorities?
I'll agonize over this dilemma when it happens.
I'll agonize over this dilemma when it happens.
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No best answer has yet been selected by sandyRoe. 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.I have read somewhere, that if your bank account suddenly grows by quite a substantial amount, then the bank has to report this. Probably as a precaution to money laundering, but i would imagine the DWP would then get wind of it and, if the amount was more than the 'allowed' savings, then benefits would be adjusted accordingly. So, my answer is that i would inform the DWP only if the winnings were substantially more than the 'allowance'. One could always claim to be a member of a family syndicate and 'hide' some of the winnings in other accounts.
Claimants under state pension age claiming benefits can continue to claim benefits with £6,000 in savings.
The amount increases to £10,000 for those over the state pension age of 65.
If someone, or their partner, has £16,000 or more in savings they can't claim any of the benefits.
People who have savings in between £6,000 and £16,000 will have a portion of their total amount treated as a monthly income.
from the link i provided....sandy good luck
The amount increases to £10,000 for those over the state pension age of 65.
If someone, or their partner, has £16,000 or more in savings they can't claim any of the benefits.
People who have savings in between £6,000 and £16,000 will have a portion of their total amount treated as a monthly income.
from the link i provided....sandy good luck
Maybe just my cynicism, Emmie. But i find cynicism comes through experience. Back in the very early 80s, i was unemployed for almost 3 years, despite attending 6 or 7 interviews per week. Despite re-visiting firms numerous times, pestering them about my applications. Despite applying for almost every job my local paper advertised. Then the DWP were the DHSS with the emphasis very much on the SS, and throughout those 3 years in the wilderness, they were never off my back. The name may have changed, but.........
Obviously your experiences with them have been better than mine :-)
Obviously your experiences with them have been better than mine :-)
The DWP has the legal right to contact banks to obtain the evidence needed to decide a claimant's entitlement to benefit but banks are not obliged to let DWP know about increases in savings.
There are different limits for various benefits and DWP would be swamped with needless notifications on folk not receiving benefits in the first place.
There are different limits for various benefits and DWP would be swamped with needless notifications on folk not receiving benefits in the first place.
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