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Means-tested benefits limits
patman99
Posts: 8,532 Forumite
I'm on JSA having been made redundant back at the end of April. I get Council Tax Benefit. My savings are approx. £3000. However, I have recently won damages in an industrial injuries case, and have been awarded a sum that will push my savings above £6000.
Am I right in thinking that this is the upper-limit for receipt of Council Tax Benefits?.
Am I right in thinking that this is the upper-limit for receipt of Council Tax Benefits?.
Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)
0
Comments
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Yes, that is correct.
ETA, sorry read it wrong -the upper limit is £16k after which you will not be eligible for means-tested Benefits. Between £6k and £16k Benefits are reduced on a slidig scale.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
The amount you can have in savings and claim means tested benefit is tapered.
So if you have savings between 6K and 16K you will still be entitled, obvious at the upper entitled to very little.
Above 16K you are unable to claim any means tested benefit.
Yours
CalleyHope for everything and expect nothing!!!
Good enough is almost always good enough -Prof Barry Schwartz
If it scares you, it might be a good thing to try -Seth Godin0 -
£1 is deducted for every £250 (or part of) above £6k.Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
50p saver #40 £20 banked
Virtual sealed pot #178 £80.250 -
Thanks, I'll hold on to my cheque until my bank account drops below £1k then.Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)0 -
Why? You'd still get some benefits if your savings areless than £16k.Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
50p saver #40 £20 banked
Virtual sealed pot #178 £80.250 -
People like you give genuine claimants a bad name.
How can you come on here and blatantly say that to the very people who are paying you is beyond me.................
What goes around comes around especially to people who play the system.make the most of it, we are only here for the weekend.
and we will never, ever return.0
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