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Gifted Deposit - DWP?

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  • Errata
    Errata Posts: 38,230 Forumite
    10,000 Posts Combo Breaker
    Slightly different, benefits don't have to be worked for, wages do.
    .................:)....I'm smiling because I have no idea what's going on ...:)
  • Mojisola
    Mojisola Posts: 35,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Errata wrote: »
    Benefits aren't classed as income as the reason for the benefit can't be guaranteed to continue, and indeed can vanish without warning overnight.
    Mojisola wrote: »
    Not that much different to wages, then.
    Errata wrote: »
    Slightly different, benefits don't have to be worked for, wages do.

    I don't see how that distinction matters when you're being assessed for the ability to pay. In fact, I think it's far more likely for someone to be made redundant or be sacked within a short time frame than for benefits to be changed. It always takes ages for benefit changes to filter through.
  • Mum could be seen as depriving herself of the asset (gifted deposit) should she need taxpayer-funded care - check this out carefully!
    Mortgage Free thanks to ill-health retirement
  • Errata
    Errata Posts: 38,230 Forumite
    10,000 Posts Combo Breaker
    It isn't the mother's asset until she owns it, which she won't until she accepts it.
    .................:)....I'm smiling because I have no idea what's going on ...:)
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