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- ste.
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14 years 1 month ago #38079 by ste.
Assets was created by ste.
I receive IB+Dla Lower rate &IIB and i have filled a claim form for change of circumstances, because my disability in my opinion and that of the doctor &psychotherapist is getting worse,the question i want to find out about is do i lose all of my benefits if i have a certain ammount of assests and is there anything i can do to help me keep my very hard earned benefits,The assests are from a house sale through separation/divorce,i would be greatful for any advice espesially from someone who has been through a similar situation
- Gordon
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14 years 1 month ago #38098 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic Re:Assets
Up to date details of the IB to ESA migration are available on the following site.
www.disabilityalliance.org/ibmigrate.htm
If you have any further questions, please come back to the Forum.
Gordon
www.disabilityalliance.org/ibmigrate.htm
If you have any further questions, please come back to the Forum.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
- Survivor
14 years 1 month ago #38154 by Survivor
Replied by Survivor on topic Re:Assets
Just to add to what Gordon said, IB and DLA aren't means-tested, so it doesn't matter how much capital you have.
Under the current rules, if you are on a means-tested benefit such as ESA(IR), then if you have capital over £6000, your benefits will be reduced by £1/week for every £250. If you have over £16000 in capital, you will get no means-tested benefits at all.
At some point if you are currently on IB, you will be migrated to ESA, which at some point will be means-tested after a year. The migrations from IB to ESA are expected to begin early next year, and the one year limit on contributions-based ESA is expected to be some time after 2012. For details, see the link Gordon has given you.
Nothing is set in stone yet because the government needs to bring in some legal changes to make this all happen.
Under the current rules, if you are on a means-tested benefit such as ESA(IR), then if you have capital over £6000, your benefits will be reduced by £1/week for every £250. If you have over £16000 in capital, you will get no means-tested benefits at all.
At some point if you are currently on IB, you will be migrated to ESA, which at some point will be means-tested after a year. The migrations from IB to ESA are expected to begin early next year, and the one year limit on contributions-based ESA is expected to be some time after 2012. For details, see the link Gordon has given you.
Nothing is set in stone yet because the government needs to bring in some legal changes to make this all happen.
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