benefits and savings

noh

JohnRo wrote: »

You implied it was yours in the first post. Is it part of your dad's estate? Are you the executor of his will?

Pensions are normally held in trust and are therefore outside of the estate.
It seems likely that after the death of the father the trustees of the pension have determined that the the op is entitled to £12k and forwarded a cheque to them.

System

Maybe its from a rich distant relative from nigeria and they just need your card details to release the monies

Bridges80

i'm putting it into my account. !!!!!!

Bridges80

MatthewAinsworth wrote: »

Maybe its from a rich distant relative from nigeria and they just need your card details to release the monies

you know what i'm going to say but i won't don't want to get banned

Alice_Holt

Further to HappyMJ's post:
"PIP is not affected by the amount of assets you hold.
Contribution-based ESA is not affected either.
If you're on income based ESA it's your responsibility to inform them of your windfall "

Income-related ESA is a means-tested benefit. This means your needs (and those of your partner, if you have one) are compared with the money you have, such as your income and savings. Income-related ESA is worked out from this.

You cannot get income-related ESA if your (and your partner’s) capital or savings are over £16,000.

Capital
You cannot get income-related ESA if your (or your partner’s) capital or savings are above an upper limit of £16,000. There is also a lower limit, normally set at £6,000. If your capital is between the lower and upper limits, a ‘tariff income’ is assumed: one pound a week for every £250 (or part of £250) above the lower limit is included as your income in the income-related ESA calculation.

If you are in receipt of Housing Benefit / Council Tax Reduction tell your local authority.
Keep copies of your correspondence.

If you need further clarification look at the DRH website or the Adviceguide (CAB).

Believe me, you do not want to be subject to an overpayment demand or an interview under caution. 'Hiding' this money would be very silly.

Mojisola

Alice_Holt wrote: »

You cannot get income-related ESA if your (or your partner’s) capital or savings are above an upper limit of £16,000. There is also a lower limit, normally set at £6,000. If your capital is between the lower and upper limits, a ‘tariff income’ is assumed: one pound a week for every £250 (or part of £250) above the lower limit is included as your income in the income-related ESA calculation.

If you are in receipt of Housing Benefit / Council Tax Reduction tell your local authority.

Keep copies of your correspondence.

However, if you get a lump sum like this, you are allowed to spend on replacements for things like a sensibly-priced car, new furniture or white goods or equipment that would help with whatever health problems you have.

Keep all receipts so that you can prove how the money has been spent. It would be nice if the DWP would approve spending in advance but they very rarely will do so.

HappyMJ

Bridges80 wrote: »

It was dads pension money who passed away in August.

I think a celebration of his life is in order. You need a holiday. You can spend it...just spend it wisely.

Vortigern

Bridges80 wrote: »

go back to iraq you fool

That's a bit harsh. HappyMJ is one of the few who've given you useful information, rather than condemnation.

TheTracker

Bridges80 wrote: »

go back to iraq you fool

Sadly, I think you've misread the message behind happy's message. Do as suggested, taking a nice long holiday to remember your father is not just one of the most rewarding activities you may do, it's one of the most economically safe for you to do.

HappyMJ

Bridges80 wrote: »

go back to iraq you fool

I'm Australian actually and if my mother, father or sister died I would take any inheritance I received and go and visit relatives in Australia. It's not a problem. It is a permitted expense. Giving the money to a relative to stash in their bank account for your future may not be the wisest ways of keeping your benefit money.