savings

[ginge]

how much money can you have in sav ings when yr on e.s.a.. i was on incapacity, and now on e.s.a. in the surport group....are we allowed to have any savings.....thanx all...jx

[ladymoth]

Hi there, Ginge

Below is a paragraph I 'cut and pasted' from the DWP website regarding ESA.

It looks as though you can have up to £6000 before they reduce your ESA. If you have over £16,000, you are no longer eligible.

Read away - i hope this helps!

Moffy x

The low income test - income related ESA

This is a test similar to income support. In brief, your needs (and those of your partner if you have one) are compared with your resources, such as your income and savings, and the income-related allowance worked out from this comparison.

You cannot get income-related ESA if your capital or savings (or you and your partner's capital or savings) is above an upper savings limit of £16,000.

Your benefit will also be affected if your capital or savings (or you and your partner's capital or savings) is above a lower savings limit of £6,000. If you are permanently in a care home this lower limit is £10,000.

If you need extra money to look after a child, you should claim child tax credit.

[ginge]

o my god...had enought trouble swoping over from incapacity to esa....mums died couple wks ago and the home is left for me and my brother. will b more than 16000...i thought i was geting back my own nat insurance not my dead parents keeping me....thanx for yr reply.....jx

[ladymoth]

Hi ginge,

I would hate to be accused of money laundering, but I think you should see a solicitor. There are perfectly legal ways in which you can arrange your money affairs so that your savings are reduced, and your capital tied up in property or something. I can't promise, but I think you might be able to arrange something, so that you can claim your ESA.

Hope you can sort something out!

Moffy x

[ginge]

thank you ladymoth, its just not helping the fibro and m.e. at all.....jx