inheritance money due, how can i spend it???

seven-day-weekend

Don't forget to keep a paper trail of any spending.

Have nothing else to add, as others have given excellent advice, so just want to say......ENJOY!

Oldernotwiser

missmontana wrote: »

Could you ask for some of the money to be put in a fund for your children, in their names, for when they reach 18 or 21?

That would definitely be deprivation of capital!

missmontana

Oldernotwiser wrote: »

That would definitely be deprivation of capital!

would it? it was just a suggestion.

elfen

Things like sorting kitchen/bathroom/bedroom furniture would probably be allowed ,as it's an improvement, as would a reasonably priced car to increase job prospects....but this is the DWP we're on about here

DX2

Macro wrote: »

DX2 - HB would only be affected if IS were to stop completely, which won't happen unless the op has another income which also reduces IS.

Thanks for that Marco I don't know why but I thought HB went along the same sliding scale as IS with regards to savings etc.

viktory

vaporate wrote: »

Considering its 'inheritance' and not work on the side, I would keep it at home under the floor boards and not declare. But that is me.

It would still leave a substantial paper trail.

Best advice I can give to the OP, is tell the DWP everything before you act - and get any advice in writing. They can still judge that certain spending is deprivation of capital once the money is gone - leaving you with considerably less to live on.

Macro_3

DX2 wrote: »

Thanks for that Marco I don't know why but I thought HB went along the same sliding scale as IS with regards to savings etc.

It does, with standard claims. For claims where the claimant/partner receive JSA (Income Based), IS, ESA IR or PCGC any capital is disregarded - those passport benefits take the capital into account, for HB also to do so would mean counting it twice which would be unfair.

If the OP were working and claiming on the basis of their earnings and tax credits, or on JSAC or IB etc (ie the non means tested benefits) the capital could affect their claim.