Lottery win NRP situation

Dissillusioned

I just wondered what would happen if an NRP in an average job paying average CM won the lottery.....what would his liabilitys be if he packed in work then?
What is the amounts based on?
Obviously this is a distant dream for most folks,but,it must surely have happened to someone??

Valli

Would've thought the issue here is not his/her liabilities but his/her responsibilities. Hardly right to stop the payments (as no longer employed) and let the benefits system (such as it is) pick up the slack, is it?

Soubrette

AFAIK and assuming the case was CSA2, the NRP would be assessed only on actual income - which as anyone who fills in a self assessment form would know, would count any interest gained on the capital of the lottery win.

Sou

chelleybelley

have u searched this on here?? as this has been posted, talked through, and conclusions drawn.... its several pages long have a look

Dissillusioned

Valli wrote: »

Would've thought the issue here is not his/her liabilities but his/her responsibilities. Hardly right to stop the payments (as no longer employed) and let the benefits system (such as it is) pick up the slack, is it?

I wasnt saying anything of the kind avoiding responsibility,but i would not continue in my menial job when i had millions...who would?
You still have responsibility/moral right to pay up,that was never in question.....
The big question is how much? Is there a formula for this contingency?

Valli

*fluffs hair*
*preens self*
You won the lotto then?

w-e-e-l-l

If you were trying to keep it quiet just go on direct pay and pay up as usual and maybe start a little trust fund for them for when they're older and need uni money....

kelloggs36

Interest on the win would be assessable.