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would i be ripping offf the state?

mymoney69 · 2006-07-31 15:15:22

can anyone please tell me if i was to put £30,000 into premium bonds do i have to declare this.I am currently claiming income support,mortgage interest and coucil tax benefit,but i am just about to sell my flat and this is how much equity i will have. Dont get me wrong i am not trying to rip off the state but at the same…

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Chrysalis Posts: 4,701 Forumite

10 August 2006 at 8:37AM

Correct, I think given the hassle involved in claiming for these benefits a win of say 20k just wouldnt be worth it.

I am not saying savings shouldnt count at all else we could have millionaires claiming benefits but the thresholds perhaps need to be modernised.

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