×

Notice

The forum is in read only mode.

  • Search
  1. Forum
  3. Members forums
  5. ESA, PIP and DLA Queries and Results
  7. Pip and savings
× Members

Pip and savings

More
1 month 2 weeks ago #296422 by Strato
Pip and savings was created by Strato
Hello just a quick message,can anyone tell me how much in pip savings am I allowed before council tax and housing benefit is affected.
I get enhanced pip on both elements i get state pension along with my wife not pension credits.
I've been told different amounts allowed from 10k up to 16k is this correct,I'm panicking as I have saved my pip up to 8k and need to send in a council tax and housing benefit review form. Thank you.
More
1 month 2 weeks ago #296523 by LL26
Replied by LL26 on topic Pip and savings
Hi Strato,
If your savings from PIP payments derive from a back payment of arrears then there are different rules.
Firstly I am a little confused. Of you are entitled to means tested benefits such as Housing Benefit then you may be eligible for Pension Credit, and this is something to look into.

If you do get Pension Credit then the initial limit is £10,000. (Savings from any source up to this amount are disregarded.) There is no upper limit if in receipt of Pension Credit, however your benefit amount will reduce according to the amount of savings so there will come a point where so much is deducted nothing can be paid. However you haven't reached that point yet, so no need to worry. You get £1 ( its called notional income) deducted off benefit for each £500 in the bank.
Please seek advice from a specialist welfare benefits adviser and get a full benefits check done.
I hope this helps.
LL26
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Moderators: Gordon, Gary, BIS, Catherine, Wendy, Kelly, greekqueen, peter, Katherine, Super User, Chris, David
  1. Forum
  3. Members forums
  5. ESA, PIP and DLA Queries and Results
  7. Pip and savings
We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.

Ok Decline
More about cookies