Inheriting so losing all benefits now - help!

real1314

quatro wrote: »

However I will still end up with less per week than I have now, which seems crazy.

Says it all. I know this board is about advice, and that's what I give. In this case my advice is get off the benefits board.
The benefits board is not here to advise people on how they can spend £100k so that they can claim means tested benefits at some future point, which is one of the things OP has repeatedly stated that they are concerned with.

e.g "I can't even buy a car" well, I think that £15-20k on a car will still see the OP with £80k (and their fully paid up £200k house - why mention that?)
So the buying of a car wouldn't be a problem, and yet OP gets a car through motability, so why mention that bit? All seems a bit of a silly claim of unfairness.

healy

quatro wrote: »

No the tone was 'worried'. Worried about how to get a good return on the inheritance. This thread has been misunderstood.

I should have posted in the savings/investment forum - and like I said before I apologise!! I don't know how to handle windfalls.

I am very upset at how this thread has been perceived by some. Very.

looby - it sounds like I am in the same position as your nan, so I'm glad you understand. I am unwell so will have enough to last me the rest of my days I expect.

healy - I DONT want my cake and eat it - just wanted to know how things would be different thats all....there is so much animosity on here.

.....but thanks for the useful info from those who helped me with their advice, it is much appreciated.

PS edited out of respect for my mother....

No it did not come across as worried about how to get a good return on your inheritance, it came across as worried about losing your Benefits.

I dont see why you are upset because people have understood what you were saying, though the original post is now different.

You wanted to keep your Benefits and have the windfall too that was obvious to me and others.

I dont undestand how the post was edited out of respect to your Mother could you explain?

quatro

real1314 wrote: »

Says it all. I know this board is about advice, and that's what I give. In this case my advice is get off the benefits board.
The benefits board is not here to advise people on how they can spend £100k so that they can claim means tested benefits at some future point, which is one of the things OP has repeatedly stated that they are concerned with.

e.g "I can't even buy a car" well, I think that £15-20k on a car will still see the OP with £80k (and their fully paid up £200k house - why mention that?)
So the buying of a car wouldn't be a problem, and yet OP gets a car through motability, so why mention that bit? All seems a bit of a silly claim of unfairness.

Jeez.....How many times do i have to apologise for posting on the wrong forum.
You have completely misunderstood what I was saying - NO WAY do I want to get back on benefit when I get off them - I was asking how to invest so I could stay off them!- and whether buying a new car [not bought on mobility as I dont get the highest mobility component but I need one] would affect the 'deprivation of capital' rule.
Don't post [or judge] about situations you know nothing about.

quatro

healy wrote: »

You wanted to keep your Benefits and have the windfall too that was obvious to me and others.

It was not obvious because that is not what I was saying.

Go bully someone else.

Louise03

"Clearly you were not brought up to respect and consider or understand other people. My family were."

No Quatro I was bought up to show respect and consideration to people in genuine difficulties or hardship Sorry but no sympathy from me that you are no longer able to claim income support. My sympathy goes to genuine pensioners eeking out a meagre pension, making do and thinking twice before they turn the heating on in winter.

[EMAIL="abuse@moneysavingexpert.com?subject=Reporting post http://forums.moneysavingexpert.com/showpost.html?p=12523681"][/EMAIL]

healy

quatro wrote: »

It was not obvious because that is not what I was saying.

Go bully someone else.

I disagree as do others. To disagree with someone is not in any way bullying.

Errata

I would think as long as you buy a reasonable car - say 6/7k brand new -which you need because of your mobility problems the benefits people would be satisfied. If you buy a Porsche they may not be.

real1314

quatro wrote: »

NO WAY do I want to get back on benefit when I get off them -
Don't post [or judge] about situations you know nothing about.

If this was true then why did you post this:

"Thanks older - I just know how nit picking the DHSS can be as regards how people spend their money. They expect you to have the lowest quality of everything from food to furnishings, even it that means it is a complete false economy.
Maybe I can even have a holiday [if thats allowed!] - it will be the first in 10 years........as you can see I know how to live it up!"

If you never go back on benefits, it doesn't matter what you spend your money on.
And you didn't apologise, you threw silly names at anyone who pointed out that you were being rather unappreciative of how lucky you are to have a £200k house (why did you mention that?) and £100k in savings, compared to some people who struggle daily.

You've wiped it now, but I hope it doesn't get deleted in full, as it serves to illustrate that there are limits to the way that the benefit system can and should help people. And to the gulibility (or lack of) of people who will give advice

looby75

Louise03 wrote: »

Sorry, but how can somebody reach nearly sixty yet be so "unworldly",
feeling panicky and worried about this inheritance, which surely has been expected for some times just seems bizarre.

If this is not a wind up it is most definately the finist example of the benefit minded culture this Government has created.

I'm sorry but that is totally uncalled for. The benefits system is a total mine field and even people who are trained in it often have problems interpreting the rules as they change so fast and sometimes contradict each other.

The OP is in a situation that because of ill health s/he is unable to work and in in the unfortunate position of needing to claim benefits. Thats not benefit minded culture its a unfortunate fact for this person. I can totally understand how and why the OP is/was worried. The rules are complicated and it's very easy to fall foul of them if you aren't careful. That's why the CAB has waiting lists for appointments to see a welfare rights advisor, its nothing about tryin to fiddle the system or have your cake and eat it, it's about protecting yourself for the long term.

looby75

real1314 wrote: »

Says it all. I know this board is about advice, and that's what I give. In this case my advice is get off the benefits board.
The benefits board is not here to advise people on how they can spend £100k so that they can claim means tested benefits at some future point, which is one of the things OP has repeatedly stated that they are concerned with.

e.g "I can't even buy a car" well, I think that £15-20k on a car will still see the OP with £80k (and their fully paid up £200k house - why mention that?)
So the buying of a car wouldn't be a problem, and yet OP gets a car through motability, so why mention that bit? All seems a bit of a silly claim of unfairness.

Arrrgggg you just don't get it do you!!!!!! Maybe I understand the OP's point because my nan was in a very similar one just a few years ago. My granddad died when she was only in her 40's and my uncle was just 13 so she scrimped and scraped most of her life. She wasn't in the position to build up a pension for herself even though she worked until she was made redundant at 59. When she came into this money she was so scared that it wasn't enough to last her a life time and that realistically at some point in the future she would have to return to benefits. She was worried if she used it too fast they would say "tough luck love" She planned on eeking it out to last say 5 years, which would mean she was living on a much lower income than she was on benefits. Never mind the fact she wouldn't be able to use the money to do desperately needed repairs to her house.

She was under the impression, as many people, op included that she wouldn't be allowed to use the money for anything other than living costs and that she would have to prove she had been as frugal as she could be. That's an incorrect assumption, you are allowed to use money for things such as a car, house repairs and other reasonable expenses.

But thats the key phrase "reasonable" and that's why it's a good idea to take advice if you are unsure about what you are allowed to spend.