× Members

Notify DWP?

  • teabag
  • Topic Author
11 years 1 month ago - 11 years 1 month ago #119843 by teabag
Notify DWP? was created by teabag
Hi i wondered if anyone knew if you have to declare when on income related ESA Payment Protection Insurance compensation payment its not more than about £1000
orderlykat
Last edit: 11 years 1 month ago by bro58.

Please Log in or Create an account to join the conversation.

  • bro58
11 years 1 month ago - 11 years 1 month ago #119845 by bro58
Replied by bro58 on topic Notify DWP?

teabag wrote: Hi i wondered if anyone knew if you have to declare when on income related ESA Payment Protection Insurance compensation payment its not more than about £1000
orderlykat


Hi tb,

As the starting limit for capital, assets and savings for IR ESA is £6000, there should be no need to report this unless it takes you near to that figure if added to any existing capital, assets and savings that you already have.

As a guideline the DWP state that you should inform them if your capital, assets and saving get to around the £5,500 figure.

Enjoy your compensation !! :)

bro58
Last edit: 11 years 1 month ago by bro58.

Please Log in or Create an account to join the conversation.

  • teabag
  • Topic Author
11 years 1 month ago - 11 years 1 month ago #119850 by teabag
Replied by teabag on topic Notify DWP?
thanks bro i dont have any savings so this is a welcome bonus i didnt know i was entitled it, i found out in january browsing around on the internet i could claim on behalf of my late husband who died in 2007 thought i was too late to get anything and will now claim the tax back i was a bit wary of claiming tax back in case it flagged it up for DWP so its not classed as income ? as far as the DWP are concerned.
many thanks
Last edit: 11 years 1 month ago by bro58.

Please Log in or Create an account to join the conversation.

  • bro58
11 years 1 month ago - 11 years 1 month ago #119853 by bro58
Replied by bro58 on topic Notify DWP?

teabag wrote: thanks bro i dont have any savings so this is a welcome bonus i didnt know i was entitled it, i found out in january browsing around on the internet i could claim on behalf of my late husband who died in 2007 thought i was too late to get anything and will now claim the tax back i was a bit wary of claiming tax back in case it flagged it up for DWP so its not classed as income ? as far as the DWP are concerned.
many thanks


Hi tb,

No, a one off payment such as this is not classed as income.

You would only have to report such a payment if was towards the £6000 figure, or was likely to take you over that figure.

bro58
Last edit: 11 years 1 month ago by bro58.

Please Log in or Create an account to join the conversation.

Moderators: bro58GordonGaryBISCatherineWendyKellygreekqueenpeterKatherineSuper UserChrisDavid
We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.