Benefits Savings Limit
RachelRyan
Posts: 4 Newbie
I am aware that if you have x amount of savings then your universal credit will be reduced or stopped. Could I not just lend the money to a family member to avoid this, or would this be considered benefit fraud?
0
Comments
-
if you intentionally deprive yourself of money in order to claim benefit, you will be treated as if you still have it.
if you don't tell them you have it, then it is fraud0 -
See http://forums.moneysavingexpert.com/showthread.php?t=5678366
and
http://forums.moneysavingexpert.com/showthread.php?t=5677212Alice Holt Forest situated some 4 miles south of Farnham forms the most northerly gateway to the South Downs National Park.0 -
RachelRyan wrote: »I am aware that if you have x amount of savings then your universal credit will be reduced or stopped. Could I not just lend the money to a family member to avoid this, or would this be considered benefit fraud?
Of course it's fraud. Do you really need that spelling out?
Benefits are there to help people in need. If you have over the benefits threshold you're not in need0 -
There's no need to be rude because I'm not as intelligent as you. I'm simply asking a question to educate myself before I do something wrong. I'll seek help elsewhere in future if this is how you treat people.0
-
OP - nannytone answered your question and wasn't rude.0
-
Alice Holt Forest situated some 4 miles south of Farnham forms the most northerly gateway to the South Downs National Park.0
-
I was referring to the post above mine "Do really need that spelling out?" Is incredibly condescending. I have no qualms with anyone else who posted; sorry if I inferred otherwise.0
-
Yes it would be benefit fraud, intentionally depriving yourself of capital so as to increase your entitlement to means tested benefit. You would be considered to still have the capital and likely penalised for commiting fraud0
-
I understand. Thank you nannytone, alice holt and w06 for the information0
-
RachelRyan wrote: »I was referring to the post above mine "Do really need that spelling out?" Is incredibly condescending. I have no qualms with anyone else who posted; sorry if I inferred otherwise.
Sorry but it's so obvious that asking the question is ridiculous.
You asked if you can pretend to not have money in order to get benefits you're not entitled to. You don't have to be 'intelligent' to know that...0
This discussion has been closed.
Categories
- All Categories
- 342.5K Banking & Borrowing
- 249.9K Reduce Debt & Boost Income
- 449.4K Spending & Discounts
- 234.6K Work, Benefits & Business
- 607.1K Mortgages, Homes & Bills
- 172.8K Life & Family
- 247.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards