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Impact of inheritence

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Daisy1999Daisy1999 Forumite
1 posts
MoneySaving Newbie
Myself and my siblings have received inheritance after the death of our mother.  I have low income and my 3rd child is in her 2nd year of university. She is able to receive student grants and bursaries due to our low income.  If we sell the property will that means tested grant be impacted by having approximately £30,000 of cash from the sale of the house? There's also an additional £40,000 of asset held in property through the inheritance..  

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  • JayRitchieJayRitchie Forumite
    510 posts
    500 Posts Third Anniversary Name Dropper
    ✭✭
    Basically no. It would only matter if it counted as income. I don't think you are talking about large enough amounts for interest/ dividends to come into play.
    Sorry about your loss.
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