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  • FIRST POST
    josoph
    Incapacity benefit and lump sum
    • #1
    • 23rd May 12, 9:51 AM
    Incapacity benefit and lump sum 23rd May 12 at 9:51 AM
    Just wondered if anyone is able to shed some light on my situation.I am currently on incapacity benefit long term,for which I receive 221.70 every fortnight.I have been granted a pension from my employer.I am able to take a lump sum of roughly 17k tax free and then a monthly payment thereafter.
    I am aware that if you have savings of over 9k you need to advise benefits and also housing and council tax benefit.If I would like to give my daughter some money and buy her a car,meaning I will have under the 9k.Am I able to do this??? Not sure if I will be penalised as I did have more than the limit originally.
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