Income Support and Child Benefit Savings

cosmic-dust

HappyMJ wrote: »

That's as clear as mud. It says held in my or my partners name then goes on about other money. I have declared all money held "in trust"...i.e the Childrens regular saver that I have in her name as TTEE for XX. I have not declared the savings held in her own name. I have nothing to do with them.

I do not claim IS.

Funnily enough I wasn't replying to you, the OP asks about Income support and savings.

Your slant on the benefit rules are fraud, that much is clear

HappyMJ

cosmic-dust wrote: »

Funnily enough I wasn't replying to you, the OP asks about Income support and savings.

Your slant on the benefit rules are fraud, that much is clear

The question asks if you or your partner have any money or accounts and so on...it also asks about money held in trust for a child. It does not ask about the current account balances of a child held in their sole name which I no control over. She has a debit card and has the freedom to do whatever she wants with it. I cannot go to the bank and ask what her balance is. I feel I am in the clear and who anyway would ask their non earning student child to pay the rent because their money from grandparents and child benefit takes the household money over £16,000.

cosmic-dust

HappyMJ wrote: »

The question asks if you or your partner have any money or accounts and so on...it also asks about money held in trust for a child. It does not ask about the current account balances of a child held in their sole name which I no control over. She has a debit card and has the freedom to do whatever she wants with it. I cannot go to the bank and ask what her balance is. I feel I am in the clear and who anyway would ask their non earning student child to pay the rent because their money from grandparents and child benefit takes the household money over £16,000.

What about savings?

Actual interest on savings is ignored. Instead, the following amounts are assessed as income from savings

• there is no entitlement to Housing Benefit if savings are over £16,000, unless a person receives Pension Guarantee Credit
• savings up to £6,000 are ignored for people under Pension Credit age and savings under £10,000 are ignored for people over Pension Credit age
• people under Pension Credit age with savings between £6,000 and £16,000 are counted as having an income of £1 for every £250 or part of over £6,000
• people over Pension Credit with savings between £10,000 and £16,000 are counted as having an income of £1 for every £500 or part of over £10,000
• more than £3,000 savings of dependant children will affect entitlement to Housing Benefit

http://microsites.essexcc.gov.uk/publications/docs/Housing%20Benefit.pdf

If you have dependent children who have savings of more than £3,000 you will not get an allowance in your applicable amount for them. We ignore a child's savings of less than £3,000

http://www.runnymede.gov.uk/portal/site/runnymede/menuitem.e2f3ce7860aa4368c4a81c10af8ca028/

clearblue

This is all very confusing