paranoid android Posted August 15, 2014 Share Posted August 15, 2014 Pal of mine was on Incapacity Benefit, which was changed to ESA. He recently had to sell his house, and received a bit over £16,000 from the sale of the house. Can they/will the DWP stop his benefit? Link to comment Share on other sites More sharing options...
DEEJANGO Posted August 15, 2014 Share Posted August 15, 2014 Yes Link to comment Share on other sites More sharing options...
Lisa Cuddy Posted August 15, 2014 Share Posted August 15, 2014 Yes, there is an arbitrary figure, something like £3000 last I knew of but it's probably changed since then, where they will say "You have enough money to live on. Now f**k off". Link to comment Share on other sites More sharing options...
tree house tam Posted August 15, 2014 Share Posted August 15, 2014 Tell yer mate tae put it all on St Johnstone to win on Saturday . Easy money . Link to comment Share on other sites More sharing options...
DEEJANGO Posted August 15, 2014 Share Posted August 15, 2014 I think it's £5000 savings. Link to comment Share on other sites More sharing options...
welshbairn Posted August 15, 2014 Share Posted August 15, 2014 According to the link below, If you have have over £16000 in savings you'll get nothing. Between £6000 and £16000 you'll get less, but but I don't know how much. Could be based on the interest he get's rather than the capital amount. I'd advise your friend to get in touch with Citizens Advice or similar before saying a word to the DWP. There might be a legal way of stashing it away. Your income and savings Your income may affect your income-related or contribution-based ESA. Income can include: you and your partner’s income savings over £6,000 pension income You won’t qualify for income-related ESA if you have savings over £16,000. https://www.gov.uk/employment-support-allowance/eligibility Link to comment Share on other sites More sharing options...
MuckleMoo Posted August 15, 2014 Share Posted August 15, 2014 Also, advise your mate not to blow the money on a car/boat/hookers expecting to be put back on ESA. The DWP will expect him to spend the money responsibly and be able to justify any large purchases/expenses that he may have. Tell him to keep all his receipts as well, even for weekly shopping, as they will ask for them when he comes to reapply for benefits Link to comment Share on other sites More sharing options...
DA Baracus Posted August 15, 2014 Share Posted August 15, 2014 Just don't tell them. Link to comment Share on other sites More sharing options...
FuzzyBear Posted August 15, 2014 Share Posted August 15, 2014 According to the link below, If you have have over £16000 in savings you'll get nothing. Between £6000 and £16000 you'll get less, but but I don't know how much. Could be based on the interest he get's rather than the capital amount. I'd advise your friend to get in touch with Citizens Advice or similar before saying a word to the DWP. There might be a legal way of stashing it away. https://www.gov.uk/employment-support-allowance/eligibility As far as I can see this rule is for income based ESA. As far as I can remember contribution based ESA is not means tested so savings should not matter. So really depends on what component of ESA he is getting. Link to comment Share on other sites More sharing options...
paranoid android Posted August 15, 2014 Author Share Posted August 15, 2014 Cheers, guys. Citizens Advice are saying that he'll be ok as long as he puts the 'savings' towards a new property within 26 weeks of receiving the proceeds. Link to comment Share on other sites More sharing options...
invergowrie arab Posted August 15, 2014 Share Posted August 15, 2014 I'll look after it for him. Link to comment Share on other sites More sharing options...
paranoid android Posted August 15, 2014 Author Share Posted August 15, 2014 I'll look after it for him. Thanks, man! You're not on benefits are you? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.