Sipp and UC

Paulm1978

Basically I have around 48k from family home sale due to divorce I claim CB for my 8 year old and my ex my other child as we share care 
I was thinking of my options what to do with the money if to buy or not 
but I’ve found out if I put the majority of it into a Sipp and carry on renting I will get a considerable amount of UC according to “entitled to “
do UC except doing this or frown soon it just to get state help 

poppy12345

Paulm1978 said:

Basically I have around 48k from family home sale due to divorce I claim CB for my 8 year old and my ex my other child as we share care 
I was thinking of my options what to do with the money if to buy or not 
but I’ve found out if I put the majority of it into a Sipp and carry on renting I will get a considerable amount of UC according to “entitled to “
do UC except doing this or frown soon it just to get state help 

You can't just put your money into a SIPP and then be expected to be eligible to claim a means tested benefit like UC because this will definiitely be classed as deprivation of capital in order to claim a means tested benefit. As advised on a previous thread of yours you won't be entitled to any means tested benefits with savings of more than £16,000.

Also in this thread here. https://forums.moneysavingexpert.com/discussion/6248022/uc-and-equity-from-house-sale/p1 you stated that you did a benefits check and with your earnings you wouldn't be entitled to any UC anyway.

Paulm1978

poppy12345 said:

Paulm1978 said:

Basically I have around 48k from family home sale due to divorce I claim CB for my 8 year old and my ex my other child as we share care 
I was thinking of my options what to do with the money if to buy or not 
but I’ve found out if I put the majority of it into a Sipp and carry on renting I will get a considerable amount of UC according to “entitled to “
do UC except doing this or frown soon it just to get state help 

You can't just put your money into a SIPP and then be expected to be eligible to claim a means tested benefit like UC because this will definiitely be classed as deprivation of capital in order to claim a means tested benefit. As advised on a previous thread of yours you won't be entitled to any means tested benefits with savings of more than £16,000.

Also in this thread here. https://forums.moneysavingexpert.com/discussion/6248022/uc-and-equity-from-house-sale/p1 you stated that you did a benefits check and with your earnings you wouldn't be entitled to any UC anyway.

Wow you are very aggressive poster i can claim if I don’t have 16k in savings which I wouldn’t and that’s down to the discretion off who is doing claim I guess not yourself and I would need to speak to someone who does the that job 

[Deleted User]

Paulm1978 said:

poppy12345 said:

Paulm1978 said:

Basically I have around 48k from family home sale due to divorce I claim CB for my 8 year old and my ex my other child as we share care 
I was thinking of my options what to do with the money if to buy or not 
but I’ve found out if I put the majority of it into a Sipp and carry on renting I will get a considerable amount of UC according to “entitled to “
do UC except doing this or frown soon it just to get state help 

You can't just put your money into a SIPP and then be expected to be eligible to claim a means tested benefit like UC because this will definiitely be classed as deprivation of capital in order to claim a means tested benefit. As advised on a previous thread of yours you won't be entitled to any means tested benefits with savings of more than £16,000.

Also in this thread here. https://forums.moneysavingexpert.com/discussion/6248022/uc-and-equity-from-house-sale/p1 you stated that you did a benefits check and with your earnings you wouldn't be entitled to any UC anyway.

Wow you are very aggressive poster i can claim if I don’t have 16k in savings which I wouldn’t and that’s down to the discretion off who is doing claim I guess not yourself and I would need to speak to someone who does the that job 

 There is no discretion its the Law 

poppy12345

Paulm1978 said:

poppy12345 said:

Paulm1978 said:

Basically I have around 48k from family home sale due to divorce I claim CB for my 8 year old and my ex my other child as we share care 
I was thinking of my options what to do with the money if to buy or not 
but I’ve found out if I put the majority of it into a Sipp and carry on renting I will get a considerable amount of UC according to “entitled to “
do UC except doing this or frown soon it just to get state help 

You can't just put your money into a SIPP and then be expected to be eligible to claim a means tested benefit like UC because this will definiitely be classed as deprivation of capital in order to claim a means tested benefit. As advised on a previous thread of yours you won't be entitled to any means tested benefits with savings of more than £16,000.

Also in this thread here. https://forums.moneysavingexpert.com/discussion/6248022/uc-and-equity-from-house-sale/p1 you stated that you did a benefits check and with your earnings you wouldn't be entitled to any UC anyway.

Wow you are very aggressive poster i can claim if I don’t have 16k in savings which I wouldn’t and that’s down to the discretion off who is doing claim I guess not yourself and I would need to speak to someone who does the that job 

I'm only telling you the rules, i don't make them. I'm sorry you came here and didn't get the answer you would have liked, this often happens with new members. You didn't like the answers you got over on the benefits section so decided to post here on the child support section.

Carry on and put your money into a SIPP and then claim UC and you'll soon see that a decision maker will very likely tell you it's deprivation capital in order to claim a means tested benefit and you'll still be classed as having the money.

You said yourself in your other thread that your earnings means you're not entitled to any UC anyway, even if your savings were below £16,000.

Alice_Holt

How puzzling.
It the other thread the OP told us that as she earns over £28k, she was not eligible for UC.

She would be unable to put the majority of the £48k into a SIPP in one tax year, as there as restrictions on the amount of contributions.   The OP may wish to check this.

I would anticipate a DWP decision maker might well decide two sizeable SIPP contributions in succeeding tax years  was done in order to access means-tested benefits, and apply the notional capital rule. Again the OP may wish to google this concept. 

poppy12345

Thanks Alice! Seems like to me that the OP is still annoyed that people like them never seem to get any help, despite having £48k of savings and earning £28k a year... my mind boggles.

Paulm1978

I’m not saying your wrong you just come across aggressive with your post 
and according to a sipp I can put up to 40k in if I’m earning 

what’s the difference from me putting my money into a sipp before I apply for UC and them none  the wiser ??
Or applying for UC then putting it into a sipp??

Barny1979

Paulm1978 said:

what’s the difference from me putting my money into a sipp before I apply for UC and them none  the wiser ??

Benefit fraud, nice one.

Barny1979

Paulm1978 said:

I’m not saying your wrong you just come across aggressive with your post 
and according to a sipp I can put up to 40k in if I’m earning 

what’s the difference from me putting my money into a sipp before I apply for UC and them none  the wiser ??
Or applying for UC then putting it into a sipp??

A SIPP is linked to your NI number, so they'd be able to track that way wouldn't they?!

poppy12345

Paulm1978 said:

I’m not saying your wrong you just come across aggressive with your post 
and according to a sipp I can put up to 40k in if I’m earning 

what’s the difference from me putting my money into a sipp before I apply for UC and them none  the wiser ??
Or applying for UC then putting it into a sipp??

I wasn't aggressive at all in either of my comments to you. What you are suggesting has got benefit fraud written all over it, sorry. Just so that you know, yes they would know that you put all your money into the SIPP.

Not sure what you mean by "applying for UC and then put the money into the sipp" you have over £16k of savings, which means you're not entitled to any means tested benefits.