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forthcoming change to contribution based E.S.A
- M
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13 years 6 months ago #80488 by M
forthcoming change to contribution based E.S.A was created by M
I have been in assessed as having limited capability for work and been claiming contribution based E.S A. The Governments new proposals will stop this in April. Can anyone tell me if my wife's ISAs will be counted as income If I wish to claim the means tested component of E.S A.?
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- bro58
13 years 6 months ago #80489 by bro58
Replied by bro58 on topic Re:forthcoming change to contribution based E.S.A
M wrote:
Hi M,
As far as I am aware ISA's are classed as "capital", please see IRESA rules on income and capital here :
Income Rules for( IR)ESA
Asset rule for ESA(IR)
24 hour work rule for ESA(IR)
bro58
I have been in assessed as having limited capability for work and been claiming contribution based E.S A. The Governments new proposals will stop this in April. Can anyone tell me if my wife's ISAs will be counted as income If I wish to claim the means tested component of E.S A.?
Hi M,
As far as I am aware ISA's are classed as "capital", please see IRESA rules on income and capital here :
Income Rules for( IR)ESA
Asset rule for ESA(IR)
24 hour work rule for ESA(IR)
bro58
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- Gordon
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13 years 6 months ago - 13 years 6 months ago #80490 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic Re:forthcoming change to contribution based E.S.A
M
You should have the following reviewed by a suitable advisor with experience of income and capital in relation to means tested benefits.
From what I can see the value of her ISA fund will be treated as capital (an asset) and any income from it as income resulting from that capital (Capital income has a specific meaning).
Gordon
You should have the following reviewed by a suitable advisor with experience of income and capital in relation to means tested benefits.
From what I can see the value of her ISA fund will be treated as capital (an asset) and any income from it as income resulting from that capital (Capital income has a specific meaning).
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Last edit: 13 years 6 months ago by Gordon.
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