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teddywills
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1 week 3 days ago #308306 by teddywills

PIP savings was created by teddywills

PIP is disregarded when household income is assessed. However, my wife saves some PIP income for the Advance Payment of her next Motability vehicle. Should this PIP money be declared in assessment of savings?

latetrain
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1 week 3 days ago #308331 by latetrain

Replied by latetrain on topic PIP savings

Hi teddywills

As you rightly state PIP is disregarded when household income is assessed.

However, PIP is disregarded in the period it is paid but any monies not used in that period is then classed as savings in the following period. Providing your total savings are less than £6K (if you are under state pension age) then you will not be affected by tariff income.

In answer to your question, if you save your PIP money then it will be classed as savings and you need to declared the savings.

Gary

Nothing on this board constitutes legal advice - always consult a professional about specific problems

The following user(s) said Thank You: teddywills

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