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Savings accumulated from benefits

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10 months 3 weeks ago #285182 by Sally
Savings accumulated from benefits was created by Sally
Hi,

I would be very grateful if anyone could offer any insight on my present situation. My background is briefly this: I am in receipt of higher rate pip for both daily living and mobility and additionally esa support group and housing benefit.

I have been recently called upon for a housing benefit review and am uncertain where I stand in regard to savings I have built up from benefits payments? I understand that any back pay is normally disregarded (I had a substantial back payment award as my pip claim took some time to reach a tribunal).

My questions are:

1) Are savings built up from normal benefits payments ever disregarded?

2) If not and the local council decide there was no entitlement to housing benefit either currently or at some date previously, will they close the claim? What if the amount of savings has fluctuated at various points?

3) If savings cannot ever be disregarded, is there any appeal to be made on individual circumstances? I was not aware there were any rules governing the time frame in which a claimant spends the money they are given. I only built savings out of necessity because I have private medical bills to pay both now and in the future as I have a permanent health condition.

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10 months 3 weeks ago - 10 months 3 weeks ago #285207 by Gary
Replied by Gary on topic Savings accumulated from benefits
Hi Sally

Welcome to the forum.

You might want to have a look at the following FAQ which explains where everything is; www.benefitsandwork.co.uk/guides-for-claimants/faq/forum.

In answer to your questions

1 + 2) No, any savings from benefits are classed as Capital, if you are under state pension age and have savings over £6k then for every £250 bundle over £6k up to £16k you will loose £1.00 in tariff income, if you have over £16k in savings then your means tested benefits will cease (Housing Benefit, IR ESA, council tax support).

3) Backdated benefit from an appeal will be disregarded for a year, after which they will be classed as Capital.

If your savings are less than £6k then your means tested benefits will not be affected.

Gary

Nothing on this board constitutes legal advice - always consult a professional about specific problems
Last edit: 10 months 3 weeks ago by Gary.
The following user(s) said Thank You: jakkijax

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