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Ppi claim , if awarded how will it affect benefits
- Unique1
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6 years 3 weeks ago #210728 by Unique1
Ppi claim , if awarded how will it affect benefits was created by Unique1
Hi.
I recently made a complaint/enquirey regarding a claim for possible ppi, from a long time ago when I had a mortgage. May or may not have ppi. I am in receipt of benefit esa, housing benefit and council tax and lower rate pip, I understand pip is not means tested, although the others are. I suffer with severe anxiety and I’m now concerned if there was a pay out how much it would involve me in informing the various benefits etc. I find it difficult to do, I’m kind of sorry I made the enquiry now, as I find it difficult to cope with changes to things so I think it could add to my illness.....much appreciate any guidance at all...
I recently made a complaint/enquirey regarding a claim for possible ppi, from a long time ago when I had a mortgage. May or may not have ppi. I am in receipt of benefit esa, housing benefit and council tax and lower rate pip, I understand pip is not means tested, although the others are. I suffer with severe anxiety and I’m now concerned if there was a pay out how much it would involve me in informing the various benefits etc. I find it difficult to do, I’m kind of sorry I made the enquiry now, as I find it difficult to cope with changes to things so I think it could add to my illness.....much appreciate any guidance at all...
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6 years 3 weeks ago #210748 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic Ppi claim , if awarded how will it affect benefits
Zippy
It depends on whether you ESA is Income Related in part or in whole, if it is then any PPI payment will be treated as savings, if this takes you above £6000 of savings and assets then you need to contact the DWP and your ESA will be reduced, whilst unlikely but for completeness, if it takes you above £16,000 then your ESA(IR) payments will stop. See
Asset and savings rule for ESA(IR)
Gordon
It depends on whether you ESA is Income Related in part or in whole, if it is then any PPI payment will be treated as savings, if this takes you above £6000 of savings and assets then you need to contact the DWP and your ESA will be reduced, whilst unlikely but for completeness, if it takes you above £16,000 then your ESA(IR) payments will stop. See
Asset and savings rule for ESA(IR)
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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6 years 3 weeks ago #210781 by Unique1
Replied by Unique1 on topic Ppi claim , if awarded how will it affect benefits
Appreciate this advice..
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