Capital and Income Support

[pjm22]

Hi

I had capital of < than £6000 which was disregarded (which I spent last year on essential items) I have now received an inheritance of £9000 which will affect my benefit ( I accept this ) BUT will the dwp count my Capital as £9000 or add it to the previous declared disregarded Balance ??

[cat3]

They will consider whatever you have in savings right now, regardless of any previous (under the limit) amount.

This might be a good time to consider any further essential items you might require, if there's a chance that it will return you to below the limit.............rather than having an additional assessment afterwards. Best wishes

[pjm22 in reply to cat3]

thanks

I would rather have a £12 wk reduction than a £36 wk reduction

[cat3 in reply to pjm22]

pjm, if you look on CAB website under benefits and capital you will see the scale for penalties, when everything else has been taken into consideration.

[Hidden]

Would this apply if capital was transferred from a known disregard capital I.e.life assurance

[cat3 in reply to Hidden]

Not sure about that. There are so many variables which are taken into consideration and these, of course, are peculiar to each individual. It's a minefield which I think pjm needs to tackle armed with much more information.

[sospan]

If you are likely to be getting any more large sums or money or would like to protect this one, I would look at a personal trust fund to look after your wellbeing