Wife has concealed savngs

simpywimpy

You definately can't give it to the kids to hide it as their money comes under the savings limit for the household as well I believe

cw18

sharing the money between the children now means it WILL show up on the IR/benefits office radar -- and they'll then want to know where it came from. even if the money was going directly to them as an inheritance now (ie. not from you or your wife), then anything over £3k each held by the children who live with you would still count against your benefits (as I understand the rules) -- so £30k/4 = £7.5k each. 2 children living with you = £15k, of which only £6k would potentially be ignored.

BUT the fact this money is coming from your wife means it will
1. be seen as capital deprivation - and all count against you
2, show up that you've been claiming when you shouldn't have been - so they'll still stop your benefits, claim back what you shouldn't have had, and also potentially take you to court for fraud


Coming clean and paying back may wipe most of the £30k, but at least you stand a chance of retaining benefits moving forward........

Tibbledom

Others have made the sensible suggestion you seek advice from the CAB.

Could you discuss with your wife and agree SHE also seeks immediate advice from the CAB and if she does make an appointment for her. They will tell her that she needs to own up to the capital and hopefully will persuade her to do this and may even be able to give her some help in owning up. Bear in mind the CAB won't report her to the benefit authorities. They will say they can't advise her further if she says she is not going to report the capital. But they won't report her.

This would avoid the repurcussions of you having to report her.

If she won't agree to see the CAB this is a non-starter of course.

edit: missed your latest post DavidW. If you are looking for suggestions on how to "hide" the money I would politely say I cannot help with that.

socrates

The mere fact that she deposited the money in Jersey, shows she was very aware of what she was doing.

I even go as far as saying conniving, very pre-meditated!

I would not tell you what I would do in this situation.

As for advice and this is from personal experience - once the trust has gone its basically over.

Sorry to be so blunt.

mouseymousey99

I supported you at the start - now I'm not so sure. Come on, you know this is wrong - why is ok to carry on using other people money?? You have now crossed the line too - this is clearly dishonest, and you are now in collusion - I thought better of you - when will I ever learn?

seven-day-weekend

Yes, I too am disillusioned - I thought that the OP was worried about the fraud, but he is now saying he is going to perpetuate it - he just wants the money 'hidden differently'.

What a shame.

TotallyBroke

cw18

Does that mean that the £250 the government now gives to children can go against you when it comes to claiming benefits.
If you place this in a trust fund investing in shares and a family member puts in each year the maximum allowed (£1200).
Assuming the stocks do well, you could easily reach £3000 in a couple of years. So even though this money is for the children in a trust for them. (Something the government is paying towards) you could lose any benefits.

I know nothing of benefits but find this strangely unfair.

dmg24

DavidW wrote: »

I am making her close it and have said if she wants us to stay together she splits the money between my sons, her daughter and our baby. If she does not I will report her for fraud.

If you truly think this is the best way forward, then I can only hope that someone reports you for fraud also. She should be aware that now you are aware of the capital, and for as long as you allow this situation to continue, you are a party to the fraudulent claim.

cw18

TotallyBroke wrote: »

cw18

Does that mean that the £250 the government now gives to children can go against you when it comes to claiming benefits.
If you place this in a trust fund investing in shares and a family member puts in each year the maximum allowed (£1200).
Assuming the stocks do well, you could easily reach £3000 in a couple of years. So even though this money is for the children in a trust for them. (Something the government is paying towards) you could lose any benefits.

I know nothing of benefits but find this strangely unfair.

It's not something I've seen mentioned specifically, and my only knowledge of these trust funds is that the goverment have put some money into them for my grand-daughters.

No-one in our family is in a financial position to add to them, so I don't even know if it's possible to withdraw some (or all) of the extra contributions If it's not possible to withdraw from them, then I suspect that they won't be counted -- though if the additional payments are made by parents those could be treated as capital deprivation (as in the parents can afford to make them, but then claim full benefits) ?!?!?!?

NPowerUser

DavidW wrote: »

I can't afford to have our HB stopped and paying back the overpaid benefit would clear most of the £30000.

DavidW wrote: »

If I stay with my wife, I am not planning to continue to conceal this money and need to find some way to prove that we got it now.

I just don't know what to do - this is making me ill. My father is high up in the police force and the damage a prosecution would do to him, if the local press made a connection would be worse than that which has already been done to a marriage I
thought contained honesty with no secrets.

Why the change of heart from moral outrage to now saying you cannot afford to stop your claim? Surely the decent thing to do as an absolute minimum is to stop your HB claim?