am/will i be doing anything wrong?

davidm1

thank you all

Mojisola

Will you be entitled to contributions-based JSA? If so, your capital won't affect the benefit.

salau2

If you have paid NI in the last 2 years you may be able to claim JSA-Contribution based which is not affected by capital i.e. savings over £6000. Contribution based JSA will last for 6 months then it would be Income Based (or will be income based from beginning if not entitled to JSA-C) where capital over £6000 would reduce benefit by £1 for every £250. You state that you want to reduce capital in order to claim benefit. This is called benefit fraud and the DWP can use a notional capital rule to state that you purposely deprived yourself of capital to claim benefit. You can pay off debts that are reasonable and just but at the end of the day it is up to a decision maker.

lovetowinacar

Naturally it is wrong because you are merely withdrawing the money to hide so that you can obtain more benefits.

It is a shame that you do not value your parents enough to actually help them pay the bills whilst you are living with them rent free and working.

When you find your next job consider them and how they have to pay all the bills, it is decent to contribute when you can. Good luck with the job hunting in January.

nottslass_2

As you are currently employed I really cannot see why it is anyone's business, other than your own,if you give your parents a lump sum to cover your past/future board and lodgings.

bobajob_1966

nottslass wrote: »

As you are currently employed I really cannot see why it is anyone's business, other than your own,if you give your parents a lump sum to cover your past/future board and lodgings.

You couldn't be more wrong. The key to deprivation of capital is intent, and as the OP is planning to minimise his capital in order to be eligible for benefits he will fall foul of the rules and hence still be treated as having the money.

nottslass_2

bobajob_1966 wrote: »

You couldn't be more wrong. The key to deprivation of capital is intent, and as the OP is planning to minimise his capital in order to be eligible for benefits he will fall foul of the rules and hence still be treated as having the money.

So are you saying that no employed person can spend their savings on what they want just in case they happen to find themselves unemployed in a few months time ?

salau2

Don’t mind him; he just makes a habit of being cantankerous. What he is trying to say is that the OP states that he wants to reduce capital to claim benefits and that is not allowed. – can result in benefit being reduced due to ‘notional income’. However, there is nothing wrong with a person spending their money as they wish. However, if you receive a lump sum payment when unemployed and start spending it on unreasonable items then that may be viewed as intent to deprive oneself of capital in order to get more benefit.

Arg

salau2 wrote: »

This is called benefit fraud

No it's not.

Mupette

Arg wrote: »

No it's not.

well its fraud as it will be classed as deprivation of capital,

meaning you purposely spent money to lower your savings just so you can claim benefits, where as the op should survive on their savings until the money is under the threshold. And by then if they have not managed to get a job they will be able to claim JSA.

Oldernotwiser

salau2 wrote: »

Don’t mind him; he just makes a habit of being cantankerous. What he is trying to say is that the OP states that he wants to reduce capital to claim benefits and that is not allowed. – can result in benefit being reduced due to ‘notional income’. However, there is nothing wrong with a person spending their money as they wish. However, if you receive a lump sum payment when unemployed and start spending it on unreasonable items then that may be viewed as intent to deprive oneself of capital in order to get more benefit.

Nothing cantankerous about that post.

The OP knows s/he's going to be claiming benefits shortly and has stated openly that he plans to hide his savings to enable him to make a claim.

This is not only deprivation of capital but deliberate fraud.