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come into money
- sonnyboyo
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12 years 1 week ago - 12 years 1 week ago #114956 by sonnyboyo
come into money was created by sonnyboyo
i am soon to inherit £50,000 and do not know what to do or what will happen, i am receiving SDA and DLA while my wife who works 25hrs per week receives working tax credit, child tax credit and housing benefit. How will this inheritance affect our situation.
Last edit: 12 years 1 week ago by bro58. Reason: Tick.
- Puccalove
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12 years 1 week ago #114967 by Puccalove
Replied by Puccalove on topic come into money
DLA is not means tested and will not be affected whereas the other benefits are. As your savings will be over the £16,000 threshold I believe they will stop.
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12 years 1 week ago #114968 by Puccalove
Replied by Puccalove on topic come into money
Sorry, no, I got that wrong child and working tax credit should not be affected by savings.
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12 years 1 week ago #114970 by Puccalove
Replied by Puccalove on topic come into money
Neither should your SDA ignore earlier posts you should be fine.
- bro58
12 years 1 week ago #114975 by bro58
Replied by bro58 on topic come into money
Hi sb,
That amount of capital will probably affect your HB, at least.
I would recommend that you gain professional face to face advice where they will have access to all your personal and financial details.
What is classed as capital and assets can be a very complicated area of benefits law/rules.
Where to get advice?
bro58
That amount of capital will probably affect your HB, at least.
I would recommend that you gain professional face to face advice where they will have access to all your personal and financial details.
What is classed as capital and assets can be a very complicated area of benefits law/rules.
Where to get advice?
bro58
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