What is the effect of a personal injury clearing of lb2800 on finances tested benefits and housing benefit?
ive heard the savings delineate for somebody on means tested benefit is lb6000 and a sliding scale to lb16000 ,if i simply have capital of lb2800 does this affect benefits and does a personal injury stipend count as capital or something else? please advise.
Answers:
wouldn't think lb2,800 will affect any benefits at adjectives
As you say, personal savings do come into portrayal when claiming benefits
but I'm sure your amount is below the cut-off point
I don't estimate you'll have too much to worry in the region of there, it's not as if it's a life varying amount. Probably not enough for the injury you suffered, lol
It's not the nest egg themselves that affect benefits but the interest gained on the savings. Interest on nest egg is classed as income this is why it affect peoples benefits. Any savings or sums of money under lb6000 is not taken into details at all when calculating benefits so your lb2800 will have no affect on anything you receive. Enjoy the extra money :)
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Answers:
wouldn't think lb2,800 will affect any benefits at adjectives
As you say, personal savings do come into portrayal when claiming benefits
but I'm sure your amount is below the cut-off point
I don't estimate you'll have too much to worry in the region of there, it's not as if it's a life varying amount. Probably not enough for the injury you suffered, lol
It's not the nest egg themselves that affect benefits but the interest gained on the savings. Interest on nest egg is classed as income this is why it affect peoples benefits. Any savings or sums of money under lb6000 is not taken into details at all when calculating benefits so your lb2800 will have no affect on anything you receive. Enjoy the extra money :)
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