endowment policy, ex wife, dss and child maintenance

AnxiousMum

dmg24 wrote: »

All bank accounts are trackable to your NI number. Hence, the DWP can see whether claimants have any other bank accounts. Keep advocating fraud though, I'm always happy to see a scammer caught out.

Agree with you there DMG24.....you would also be issued with a statement at the end of the year stating any interest, even if it was just a penny for the amount of time it was in the account - is it worth being caught out as an alleged fraudster? I don't think she would put herself in that position.

ffacoffipawb

dmg24 wrote: »

All bank accounts are trackable to your NI number. Hence, the DWP can see whether claimants have any other bank accounts. Keep advocating fraud though, I'm always happy to see a scammer caught out.

Not sure about that. I have several accounts (current and savings) all over the place and haven't provided my NI number when opening them (apart from my ISA).

broken_spirit

lou167 wrote: »

Thanks everyone for all your replies. Our ultimate aim is to do things correctly as we don't want to be living with the concern that wife has not declared what should be declared. Wife did complete the initial form requesting the moneys be paid into my partner's account but they returned the cheque saying that was not possible.

I think wife will have to declare the money, and having looked at the citizen's advice bureau it indicates she will lose £1 benefit for every £250 she has over £6000. The money is for about £11000 so I calculate she will lose £20 per week, presumably until the money is spent (and not by squandering it so as to be seen to deliberately depriving herself of an asset) or perhaps for 250 weeks which is how long I calculate the additional £5000 would last if spent @ £20 per week. The best solution all round therefore would be for us to just take the first £6000 and leave the £5000 with her so her financial situation will not be compromised.

There is always the hope the dss will accept that it was agreed the moneys were to ultimately come to us but we are fully expecting this not to be the case!

Thanks again for all your advice.
Lou

Hi, I've been in receipt of income support for 10yrs now & the only time I had 2 present a bank statement was when I originally applied. I'm unsure if I've been an acception 2 the rule or if it is the norm 4 them 2 be requested at regular intervals & I've just been overlooked. Perhaps any1 else in receipt of IS could advise.

scarlet55

broken_spirit wrote: »

Hi, I've been in receipt of income support for 10yrs now & the only time I had 2 present a bank statement was when I originally applied. I'm unsure if I've been an acception 2 the rule or if it is the norm 4 them 2 be requested at regular intervals & I've just been overlooked. Perhaps any1 else in receipt of IS could advise.

i too am on income support and i have NEVER been asked to produce bank statements...:)

craftygranny

my daughter gets is and is often asked to provide bank statements often for housing benefit too but they all send info to each other.

broken_spirit

craftygranny wrote: »

my daughter gets is and is often asked to provide bank statements often for housing benefit too but they all send info to each other.

Perhaps it's dependant on how efficient your local DWP is. It seems strange that not everyone has 2 provide the same information. All I've ever had to send back to them was a form asking if my circumstances had changed (which they hadn't) but no proof of income/expenditure required.

scarlet55

craftygranny wrote: »

my daughter gets is and is often asked to provide bank statements often for housing benefit too but they all send info to each other.

i dont understand what you mean by this....the dwp are not allowed to look at your bank statements or even check them without your permission and i know this for a fact....when my mother died she didnt have much in her bank account and the dwp asked me to get them a statement, i told them to get it themselves as i had enough to worry about, they said they had phoned the bank with all the details but the bank said they are not allowed to divulge anything without permission...

jetta_wales

Be been in a similar situation as my ex bought me out of our home while I was on IS but I owed my Mum about £5k (an agreed loan for something specific knowing my money from the house was coming). My Mum wrote a letter explaining the private loan agreement between us and we gave them proof of what the money was spent on, they forwarded copies to IS and all was fine.

CouponWoman

lou167 wrote: »

Hi
I do hope I manage to explain this clearly and I apologise if this is the wrong forum.
My partner separated from his wife 12 years agoish. They are not divorced and have 1 daughter who will be 20 in October. My partner was made redundant in 2001 and subsequently had to undergo surgery which prevented him from going back to his trade, I took over the payments for maintenance which was privately agreed at £130 per month and also the payments due on 4 separate endowment policies. Ex-wife has always agreed that the maturity values of the 4 endowment policies (2 in her name and 2 in my partner's name) should all go to my partner as even prior to their separation, she did not work and he has always made the payments. Partner told her that i would be making payments when he was made redundant and that it was on the basis that the money I paid towards the endowment would be refunded to me as the policies mature. He only now works 2 days per week on minimum wage and received approx £330 pension each month. I have made the payments to fund his direct debit to the insurance companies and the maintenance has gone direct from my bank account since 2001.

First two policies have now matured and the insurance company have refused to pay the maturity value for wife's policy to the account from which they have been taking the premiums and have sent her a cheque. At the time of the separation, wife moved in with boyfriend and was not claiming benefits. however, they have since separated and wife is now concerned that the cheque for £11000 will have an effect on the income support she now claims, even though it was privately agreed all the moneys from the policies would be paid to my partner when they matured.

Our questions are:
1. can wife pay cheque into her bank account and write a cheque for the full amount to partner on the basis of the agreement that was made privately or will the dss still see this as an asset that she has & stop part of her income support on the basis that she has received £5k more than she is allowed to have before it affects benefits (my understanding is the first £6000 will not be taken into account when assessing income support)?
2. if she explains to dss that they had a private agreement and i have paid the premiums and she owes me the money, will this satisfy them?
3. when can we stop paying maintenance - partner's daughter is just finishing her second NVQ2 at college after having done a NVQ1 before them, following leaving school (ie left school at 16, took nvq1 and then two consecutive nvq2s)
4. If she does keep the money (on the basis the dss cut/stop her benefit) can the premiums payable for the policies be counted towards the money she would be entitled to if they were to go to court and get a divorce?

All agreements have been made direct between my partner and his wife so no CSA involvement or court orders. to date partner's wife has received £25000 cash and £130 per month maintenance since 1999. The policy premiums i have paid each month since 2001 (for her policies only) total about £50.

Thanks very much.
Lou

Why is your OH's ex still getting income support, is she sick?

She probably is not getting benefits for the daughter, these will have run out due to the girls age.

Are you sure the girl is in education, and not working or just idling along knowing she gets money off you and her father.

Is the money your OH pays to his ex declared to the DWP.

Make sure your OH has made a will, otherwise the ex will get the lot if he dies.

Personally I would end the payments, OH's ex and daughter need to stand on their own two feet now.

jetta_wales

He really needs to get a divorce now too and the solicitors can sort all this mess out legally and openly.