Support for Mortgage Interest Discussion Area

[Deleted User]

Sprintblue wrote: »

Jessicajay,

A bit of advise ... start getting rid of your saving ... the obvious way ... you have to set yourself up and position yourself financially ... BTW ... you won't get a bean if you work over 24hrs a week and earn more than the JSA IB weekly amount .. If you 'Seperate' and he has no money ... then he will get help ..... but make sure they don't smell a rat .... if the mortgage is in joint name ... you are stuffed ... sorry

Are you advocating fraud as an option:mad: certainly sounds that way!

And its also bad advice to suggest getting rid of savings as dwp may well want to see bank account details including those accounts in childrens names

Sprintblue

Fraud, absolutely not ... get a grip will you ..

To put in simple terms the 'system' can be very cruel to people ... I seen nothing wrong in advising how people can best position themselves to get help.

Unless you are going to post something constructive to help the poster, please Butt out.

dmg24

Sprintblue,

It is very clear from your posts that you advocate committing fraud in order to maximise a claimant's benefits.

woodbine is advising people of how to make a lawful claim. You seem to miss the fact that DWP Officers are not stupid, and those following your guidance are likely to end up being able to claim nothing, and potentially be liable to prosecution.

dmg24

jessicajay wrote: »

Hi DMG24,

Many thanks for your help. So would this include me opening a savings account for my kids with my £20k savings? I don't want their future to be affected because of my boyfriend's redundancy.

I've searched the internet for 'deprivation of capital' but I am struggling to understand the definition.

Thanks so much.

Hi jessicajay,

If you transfer the money over to your children within a short period before claiming income based benefits, it is likely to be deemed to be deprivation of capital. This is not to say that your children are not allowed to have any savings, but the Decision Maker will look at the source and timing of any transfer to them.

Deprivation of capital is a complex area, however a simple definition is intentionally spending/ giving away money in order to be able to claim benefits. Before spending, I would ask myself the question 'Would I be spending this money if I did not need to get rid of it?'.

I am sure that Sprintjay's advice is well meant, but claiming to be separated when you are not is probably the most likely way to end up in court. Some people transfer money to children without realising that they could not do this, so this may incur a small penalty, however claiming not to be a couple when you are is a pretty blatant lie!

Sprintblue

dmg24 wrote: »

Sprintblue,

It is very clear from your posts that you advocate committing fraud in order to maximise a claimant's benefits.

woodbine is advising people of how to make a lawful claim. You seem to miss the fact that DWP Officers are not stupid, and those following your guidance are likely to end up being able to claim nothing, and potentially be liable to prosecution.

DISAGREE, this is why

Note the clear words POSITION.

There is nothing wrong, if things don't work out, to position yourself as appropriate.

Why should a person who has £16,000 get nothing and somebody who has £15,999 does?

Some DWP Officers are stupid ... I have had blank looks, incorrect information and a conversation like trying to get blood out of stone....

It is a question of balance .... I am only trying to explain some of the gotchas and how best to avoid them.

Just by way of an example, my wife had a temp Christmas job, which ended up COSTING us money. If I had know, I would not let her work.

Hope that is clear and makes sense.

[Deleted User]

Sprintblue wrote: »

DISAGREE, this is why

Note the clear words POSITION.

There is nothing wrong, if things don't work out, to position yourself as appropriate.

Why should a person who has £16,000 get nothing and somebody who has £15,999 does?

Some DWP Officers are stupid ... I have had blank looks, incorrect information and a conversation like trying to get blood out of stone....

It is a question of balance .... I am only trying to explain some of the gotchas and how best to avoid them.

Just by way of an example, my wife had a temp Christmas job, which ended up COSTING us money. If I had know, I would not let her work.

Hope that is clear and makes sense.

Ok for the final time:rolleyes: if you have savings of 16k yes you get nothing(there has to be a cut off point)but savings between 6k and 16k mean reduced means tested benefits not non.I`ve always found dwp staff helpful,but like any other human beings it depends how you treat them as to how helpful they`ll be.I`m surprised what with you being such an expert in evasion that you didnt realise your wifes earning even temporary would have an impact on your benefits,perhaps with your low level of understanding of the system we should ignore any advice that you profer:rolleyes:

Sprintblue

I speak from experience of what I have found, it's called real World. I don't want anybody else to learn the hard way. I feel some of your posts show a 'theory' rather than the practical element. So I suspect you are a DWP person providing your view ..:rolleyes:

I am actually in the boat I am talking about, are you?

If you don't like what I post ... then ignore it.;)

If you wish to continue, please pm me and not clog up this thread.:eek:

thorsoak

jessicajay wrote: »

Hi all.

Wondering if someone can help. My boyfriend was made redundant months ago and has struggled to find a job since (it's been around 6 months). He is on JSA now. I have read about SMI and am concerned about our eligibility. Although we have not been together for long, we share the mortgage and now my savings are affecting the fact that he cannot pay his share of the mortgage. I am wondering why I bothered saving (i.e. not having a car, not going on holidays etc) because now it means I will have to spend it all on paying all of our £1,000 per month mortgage. My question is this: can he apply for SMI without mentioning my savings or should I go spend it all now? If he is out of work for longer, it means the money I saved for my kids' future (£20k) will have to be used up.

Thanks

Jessica - surely your savings are primarily for a "rainy day"?

The rainy day is here - if as you say, your mortgage is £1,000 per month, when he has been out of work for another six months, your capital savings will have reduced to £14,000. You would then find yourselves eligible for help - but at the same time will have reduced the capital outstanding on your mortgage by the same amount.

You will be able to save again for your childrens' future - and you'll know you have done it off your own bat!

Regards

[Deleted User]

Sprintblue wrote: »

I speak from experience of what I have found, it's called real World. I don't want anybody else to learn the hard way. I feel some of your posts show a 'theory' rather than the practical element. So I suspect you are a DWP person providing your view ..:rolleyes:

I am actually in the boat I am talking about, are you?

If you don't like what I post ... then ignore it.;)

If you wish to continue, please pm me and not clog up this thread.:eek:

Have you read my post?,i expalined that my experience is very real having been unable(not unwilling)to work for 11 years,so yes my advice comes from experience and NO I dont work for the DWP.You are like some others thats wander on to this board looking for advice,when the answers aren`t to your liking you have ago at those trying to help and at the system for being against you,neither is true.
I have no intentions of wasting my time with you any further,this isnt a board for debating the system(there are other areas of mse for that)but for helping those in need of help who are prepared to accept the advice they are given,you my friend seem intent on clogging up the thread,so i`ll let you get on with it:mad:

Sprintblue

You are not on JSA IB or SMI, this is the subject of the thread. Therefore since you have NOT been through this process with the new rules, one can only conclude what you are writing is what you think should happen rather than what actually happens.

I speak becuase I AM on JSA IB with SMI