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ESA and capital

IM claiming cb esa but I may be getting a big payout can i use the money to pay of my mortgage and still claim cb esa.

Comments

  • Indie_Kid
    Indie_Kid Posts: 23,100 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    CB ESA isn't affected by savings.
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  • Indie_Kid wrote: »
    CB ESA isn't affected by savings.

    Great but when i get the payout i wont have any income would i then be able to claim IR esa as i wont have any of the money left.
  • Indie_Kid
    Indie_Kid Posts: 23,100 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Unlikely. You may not be entitled to income based ESA because what you receive from CB ESA is the amount the government says you need to live on. It may also be classed as deprivation of capital, in which case, you'll still be classed as having the money.
    Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
    50p saver #40 £20 banked
    Virtual sealed pot #178 £80.25
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