Income Support, Benefits and Children Savings

dmg24

bestpud wrote: »

Claim child tax credits for your children instead of income support as you will have to soon anyway. Better to beat the rush imo.

Then the money will have no impact whatsoever because they cannot take child savings into account for benefit purposes unless they can prove they were used in order to claim benefits.

There was a thread on this a while ago with all the relevent links.

wazza's children will be a lot older now, someone has restarted a thread from 2007.

I'm not answering greatboy because it is v clear that he is trying to deprive himself of capital! :rolleyes:

greatboy

hijust want to thankyou and im not wantingto dripibe onbenifits ijust dont understand

greatboy

dmg24 wrote: »

wazza's children will be a lot older now, someone has restarted a thread from 2007.

I'm not answering greatboy because it is v clear that he is trying to deprive himself of capital! :rolleyes:

its not the casei just dont understand anything about this trying to understand asimnew to all this just need sumhelp

greatboy

doesanyone know what saving your allowed for adult and child its for daughter as wedont understand what your entiteled to

wazza

greatboy wrote: »

can anyone tell me how much a child can have in savings as im wanting toput money away if your on income support and what about trust fund will that effect income support

i have been informed that your child's savings are included as part of yours. If all the savings totalled is over £6000 then it affects your benefits.

So the answer is no you cannot hide your savings in the child's account.

If the trust was started way before you claimed benefits and is for long term then it should not count as part of your savings. If you just started a new trust then that is naughty and it will not count.

greatboy

is that right if your on income support and get child benifit and your a lone parent do you get child tax credit

wazza

greatboy wrote: »

is that right if your on income support and get child benifit and your a lone parent do you get child tax credit

yes you do. You should get the full amount since you have no income.

dmg24

greatboy wrote: »

is that right if your on income support and get child benifit and your a lone parent do you get child tax credit

How many times are you going to ask the same question? Quite bizarre!

wazza

dmg24 wrote: »

How many times are you going to ask the same question? Quite bizarre!

maybe suffering from short span memory :rotfl: or whatever it's called can't remember