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PPI Redress - Incapacity Benefit
MrsB2004
Posts: 33 Forumite
Hi,
I am hoping someone can help as I am not sure of the impact of PPI redress on benefits. My cousin has been successful with her PPI complaint and will be receiving circa £7k in compensation. However, she is receiving incapacity benefit and wants to know if the compensation will affect her benefit? She is not trying to get out of paying anything, but is just wondering what happens. She is trying not to get her hopes up about the £7k in case she needs to pay it all to the government!
Has anyone had experience of this? I am unsure as I have not had any dealings with the benefit office.
Any help will be greatly appreciated!
I am hoping someone can help as I am not sure of the impact of PPI redress on benefits. My cousin has been successful with her PPI complaint and will be receiving circa £7k in compensation. However, she is receiving incapacity benefit and wants to know if the compensation will affect her benefit? She is not trying to get out of paying anything, but is just wondering what happens. She is trying not to get her hopes up about the £7k in case she needs to pay it all to the government!
Has anyone had experience of this? I am unsure as I have not had any dealings with the benefit office.
Any help will be greatly appreciated!
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Comments
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Well done on your cousin's success! :beer:
I am not too sure really, so bumping this thread up for you so hopefully you will receive the correct advice, good luck.The one and only "Dizzy Di"
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The lump sum received can impact on benefits where the means test includes a review of your capital. She will now be £7k higher in savings.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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