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Savings on Benefits

ferester123 · 2020-07-16 17:52:33

Hello all, I am a carer for my mother who lives with me she is 88years old. I finished work to care for her and we are both on means tested benefits My question is I have a savings account and I am aware that I can only save up to £6000 before this would effect my benefits. My mother has a savings account but wants me to…

Comments

xylophone Posts: 45,702 Forumite

19 July 2020 at 7:07PM

LPA ends on death.

You can manage your mother's sole accounts as LPA while she is alive.

On death, it may or may not be necessary to obtain probate to access the accounts - below a certain threshold the bank(s) may not require probate.

Perhaps your mother could prepay a funeral and thus reduce her savings?

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