- Posts: 51287
× Members
Savings Query
- Gordon
- Offline
Less More
4 years 7 months ago - 4 years 7 months ago #250759 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic Savings Query
Dawn
Providing the expenditure is reasonable and there is no suspicion that it has been done with the intention of retaining benefits that would otherwise not be payable.
So, purchases related to your health will be OK as will replacing items but spending a £1000 on gold Sovereigns probably won't, such purchases will likely be deemed as Deprivation of Capital and you will still be considered as still being in possession of the money.
Gordon
Providing the expenditure is reasonable and there is no suspicion that it has been done with the intention of retaining benefits that would otherwise not be payable.
So, purchases related to your health will be OK as will replacing items but spending a £1000 on gold Sovereigns probably won't, such purchases will likely be deemed as Deprivation of Capital and you will still be considered as still being in possession of the money.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Last edit: 4 years 7 months ago by Gordon.
Please Log in or Create an account to join the conversation.
- Dawn
- Offline
Less More
- Posts: 9
4 years 7 months ago #250762 by Dawn
Replied by Dawn on topic Savings Query
We are abit annoyed as we have only just made a joint claim after being separated for a while and we were both saving for our daughters wedding but now we are making a joint claim we did not realise both savings would be added together so don't think this would be classed as acceptable so how would buying a funeral plan be looked on ?
Thank you for answering these unknown facts
Dawn
Thank you for answering these unknown facts
Dawn
Please Log in or Create an account to join the conversation.
- Gordon
- Offline
Less More
- Posts: 51287
4 years 7 months ago #250763 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic Savings Query
Dawn
I would not expect it to be a problem.
Gordon
I would not expect it to be a problem.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Please Log in or Create an account to join the conversation.
Moderators: Gordon, Gary, BIS, Catherine, Wendy, Kelly, greekqueen, peter, Katherine, Super User, Chris, David