Savings limit/redundancy and benefits claims

jojo0703

Hi, my partner was made redundant at the end of the summer.  He is 50 and was a company director in the aviation security industry.  As jobs in that sector are very thin on the ground, he has only been able to secure Min wage work for a supermarket.  I work for a low wage and very part time as also have a profoundly disabled son.
My partners redundancy payment was statutory min but we still have about £10k remaining so unable to apply for tax credits under the savings limit rule.  My partners car has now done 160k miles and needs replacing.  If we use all the savings to buy a new car, and then make a tax credit claim, would we be accused/in trouble for doing this under deprevation  of capital?

Thanks!

calcotti

Tax Credits have no savings rules but you cannot apply for Tax Credits anyway because no new claims can be made.

For Universal Credit you can’t claim if you have savings over £16,000. Below this you can claim but there will be a reduced entitlement for any savings over £6,000. Use a benefits calculator to see if you have any entitlement. https://www.gov.uk/benefits-calculators

it’s fine to use savings to replace a car as long as it is a sensible purchase - not an unnecessarily expensive purchase. Keep details of the old car and the purchase in case DWP ask any questions should you choose to claim.

If your son gets a disability benefit then if you claim UC you or your husband can declare that you care for him and that will increase your UC entitlement.

Rubyroobs

How old is your son ? Do you have rent to pay ?

jojo0703

My son is 14, he receives high rate DLA both sections.  I have a mortgage so no rent

poppy12345

jojo0703 said:

My son is 14, he receives high rate DLA both sections.  I have a mortgage so no rent

You will also be entitled to the carers element of UC. Have you used the benefits calculator above, as advised?

Spoonie_Turtle

poppy12345 said:

jojo0703 said:

My son is 14, he receives high rate DLA both sections.  I have a mortgage so no rent

You will also be entitled to the carers element of UC. Have you used the benefits calculator above, as advised?

And disabled child addition

OP this might be useful https://www.understandinguniversalcredit.gov.uk/new-to-universal-credit/how-much-youll-get/

jojo0703

Thanks, I received tax credits a good few years ago when i was in my own with my kids (including severe disabled element), it was more the issue of spending the remains of the redundancy and then being turned down for UC that was worrying me. 

jojo0703

I have used the benefits calculator and we would be entitled to UC due to income.  Thanks!

realfrankturner

Hi,
I am trying to work out future entitlements based on when I start working and different wages
I have used turn2us and entitled.to, however when inputting same situations into both calculators, one is nearly £100 less then the other. Everything is the same. Yet when I put in my current situation both are correct in predicting what I am currently getting from UC.
Why would one be so far off the other when everything is inputted the same?
Many thanks (Sorry for 2nd post in space of hour of so)

realfrankturner

Sorry, thought I was posting a new topic!! Can it be moved to a new topic as can't see to see how to edit/delete.

calcotti

realfrankturner said:

Sorry, thought I was posting a new topic!! Can it be moved to a new topic as can't see to see how to edit/delete.

If you click on the right hand side of the green banner at the top of your post as long s you are logged in you should see an option to delete. Regardless, I suggest you start a new thread.