Family loan, Redundancy, JSA

jj237

We are about to start claiming contribution based JSA due to redundancy (next week). We have a couple of loans for several £k from family members that we are in position to pay back out of our savings. If we did this in one lump sum now would it be considered as deliberately reducing our savings even though it is a legitimate debt? It would not bring us below the maximum savings threshold. What is the best way of paying this back otherwise. We don't want to be assessed on the basis of money that really isn't ours.

Plans_all_plans

Hi, I would post this over on the benefits board on the forum too as people there are very knowledgable about things like this.

I am not sure of all the rules myself, but it might be worth googling 'deprivation of assets' to see whether what you propose could be construed as such.