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Moving back to UK from France

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Comments

  • Caz3121
    Caz3121 Posts: 15,887 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thanks for all your replies

    So if they bought a house in the UK with the proceeds from selling the house in France, would this be classed as an asset for assessment of benefits (eg pension credit and council tax benefit)?

    Where does it state the maximum joint income the penrsion credit will make things up to?

    They would be fine using money from the sale of a property to buy another property to live in (it would be a problem if they owned a property they did not live in and then wanted to claim housing benefit for another property although this should be permitted in the short term why they try to sell up, if they pass the HR test)
  • "I live my dream today, I lived it yesterday and I'll be living yours tomorrow":smileyhea


    If you don't want to work, you have to work to earn enough money so that you won't have to work ;)
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks for all your replies

    So if they bought a house in the UK with the proceeds from selling the house in France, would this be classed as an asset for assessment of benefits (eg pension credit and council tax benefit)?

    Where does it state the maximum joint income the penrsion credit will make things up to?

    The house they live in will not be counted as an asset for Benefits purposes, only a house they don't live in.

    For Pension Credit rates, see the extract from the link below.

    http://www.pensionsadvisoryservice.org.uk/state-pensions/how-much-will-you-get
    Pension Credit

    The aim of Pension Credit is to give everyone aged 60 and over an income of at least:
    • £132.60 a week (single person); or
    • £202.40 a week (two people living together).
    These are the standard rates. An individual who is a registered carer may get an extra £30.05 a week and a registered disabled person may qualify for an extra £53.65 a week.
    Individuals over aged 65 may also be rewarded for their savings, by up to:
    • £20.52 a week (single person); or
    • £27.09 a week (two people living together).
    Claims for Pension Credit made on or after 6 October 2008 will only be backdated for payment by up to three months. Claims made before 6 October 2008 will be backdated by up to 12 months.
    Click here to read more about Pension Credit.
    (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 Eagleton
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