Compensation and Benefits?

manhattan

I have asked this a while ago in one of my unrelated threads but didn't really get a certain response.


Do compensation payouts affect benefits?

If so, what benefits would be affected?


Thanks :cool:

sharski

Depends how much you get.......... and you usually have to pay back any benefits received..._pale_

healy

If you are talking about Icesave again the answer is no again as in you would not get benefit whilst waiting.

mcjordi

all income based benefits will be affected
anything over £3000 iirc affects benefits i was told this when i claimed for my back after a bad car accident

alwaysonthego_2

mcjordi wrote: »

all income based benefits will be affected
anything over £3000 iirc affects benefits i was told this when i claimed for my back after a bad car accident

it is now £6000 minimum savings before means tested benefits are affected

soph2566

Some compensation can be disregarded if it is in trust but this is very complicated and you would need proper guidance from a qualified person

dmg24

manhattan,

Perhaps you could clarify what compensation it is that you are referring to? I am also guessing that it is the reimbursement of your Icesave savings.

SomeBozo

Do compensation payouts affect benefits?

All income affects mean tested benefits.

If you think about it makes sense as with the extra money, you become less dependant on benefits and the system (as you have money).

Bozo

captainkevos

SomeBozo wrote: »

All income affects mean tested benefits.

If you think about it makes sense as with the extra money, you become less dependant on benefits and the system (as you have money).

Bozo

But if you're talking about Icesave you surely would not have any extra money, you'd just be back to where you were before the debacle

mcjordi

alwaysonthego wrote: »

it is now £6000 minimum savings before means tested benefits are affected

it was 2004 when i was told this

Conor_3

manhattan wrote: »

I have asked this a while ago in one of my unrelated threads but didn't really get a certain response.
Do compensation payouts affect benefits?
If so, what benefits would be affected?
Thanks :cool:

Yes they do. If you get compensation for loss of income, any means tested benefits you've received for the period that compensation covers would be repayable INCLUDING any housing or council tax benefits.

If your compensation puts your assets (bank account/savings) over the limit for the benefits you're claiming, you will lose or have the amount reduced.