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.?
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 :
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
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