We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Inheritance on esa.

Hi,

Just been reading another thread regarding inheritance. I will have about €10,000 (euro) coming to me in the next month or so from Ireland. This will be about £6,500 (sterling) by the time I transfer over. I am on contributions based esa so will I have to declare it?
Also, I have been getting esa cont. based full rate since May last year. How long will my ni contributions last for? I have worked for the previous 18 years prior to this. Thanks.

Comments

  • Poppie68
    Poppie68 Posts: 4,881 Forumite
    Tenth Anniversary Combo Breaker
    Your inheritance would only effect your ESA if it was income related ESA, ESA ends after 365 if in WRAG, you would then need to apply for income related unless your in the Support Group which is not restricted to the 365 day rule.
  • TELLIT01
    TELLIT01 Posts: 18,612 Forumite
    Part of the Furniture 10,000 Posts Name Dropper PPI Party Pooper
    The current exchange rate will actually make it about £8k but, even if on Income Related ESA, it would only reduce your payment by about £8 per week.
    Although the inheritance won't affect Conts based ESA you really should tell them about ANY change of circumstances.
    Payment, if in the WRAG, will cease after 365 days but I think the claim remains open and NI contribution credits will continue to be applied. I'm sure somebody else will confirm whether that is correct or not.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.