when does it count?

[Deleted User]

NLW wrote: »

If they are letting it build up without spending it they don't need it in my opinion.

we are lucky then that opinions don't matter on here !

HappyMJ

skcollobcat10 wrote: »

So what would happen if an expensive piece of disabled equipment is being saved for over a long time where the person does not get grant help, will they be penalised for having over said £16000?

That's some expensive piece of disabled equipment.

I can only think of a car and a car can be purchased on Motability using the enhanced disability payments of PIP's or DLA to make the payments. I wouldn't think someone would want to save first...that would take years of saving...over 10 years....whilst also paying out half the money for minicabs to get from A to B.

The enhanced disability mobility component is £57.45/week. Spending half on getting around and saving half would take 10 years to save enough £14,937 to buy a vehicle outright with no finance.

Xbigman

Does it work the same way with pensions?

If I stopped working on a pension that counted as a low income for council tax, and a months pension payment took me to just over £6000, would I have a month to spend the money and get back down below £6k?



Darren

baza52

just draw it out in cash as soon as it hits your account. You cannot deprive your self of income, only capital

Ames

But of course you'd have to declare any savings you had in cash, so there's not much point withdrawing it.

baza52

just give it to a friend then when u want some money ask them to "give" you some