pension credit and inheritance

Hi petrocelli

if you click on Action down arrow on the left hand side, you will see 'Favorite', yes there is a spelling error for English, if you click on 'Go to editor..' on the right hand side, it will take you to another page where you will be able to see smileys when you click on the smiley you want you then click on 'close model'

Gary

Hi SLW

I am not aware of a grace period, as soon as your Capital goes over £16K then any means tested benefit you receive will stop. The inheritance money simply replaces state-funding benefits and services until their fund drops below the excluded capital level, when they go back on to means-tested benefits. If you were on a legacy benefit then when you re-claim you would have to apply for UC.

I believe the bible for all things related to Capital is; assets.publishing.service.gov.uk/governm.../1065467/dmgch52.pdf

Not an easy read, but if you want to dive deeper into this that is where I would start.

However much money you do, or don’t have in your account, the DWP have the right to request to see statements. This is after all the only way they can actually know.

Gary