Inheritance Due,,The worst thing that can happen, as LCWRA will stop

moneytree999

Spoonie_Turtle said:

moneytree999 said:

poppy12345 said:

UC is a means tested benefit and that includes all the elements such as LCWRA so what you've heard is incorrect. For all means tested benefits when you have more than £16,000 in capital all of them stop completely. 

If you have any debts you can pay them off and your UC will not be affected. Other than that there's no other way around this situation. 

IF you're claiming New style ESA as well as UC then this isn't means tested so will not be affected by capital and payments will continue as normal. 

If you're not claiming the ESA have you worked at all the previous 2 tax years or have you just been claiming UC?

moneytree999 said:

I am due inheritance, Possibly £100,000 + ....I should be Over the Moon, but im dreading the day it goes into my bank ..I will have to stop claiming Benefits ( LCWRA + My Sheltered Housing Rent paid ) Therefore, my Inheritance will NOT last long .. Is there anyway around this problem ? Is there a way to keep getting my Benefits, and still have the £100,000 sitting in my bank ..Ive heard that as im on LCWRA, I can continue getting part of it £100 a week ( Even if i have large Inheritance in bank ) But ive no definate info on this .... Ive also heard about a 'Trust' as a way out, but i dont think this will suit me .. What are my options ? Thanks in Advance

 

I have been claiming ONLY LCWRA for about 3 years ... I havent claimed any other Benefit in this time period ( I did apply for PIP but declined as my points not high enough )

You claim UC which consists of different elements, including LCWRA.  Your UC statement will tell you which elements make up your award.  If you are not eligible to claim UC you cannot claim any individual element of it.

As you reach state pension age soon, you may be able to claim Pension Credit sooner than you'd have been able to reclaim UC.  You'd just have to do periodic benefit calculations based on your diminishing savings to work out when you can claim. 

If you disagree with the PIP decision you may be able to appeal if the decision was within 13 months ago, if not you can reapply but it's advisable to get help if you didn't last time because you need to know which descriptors apply to you, to know whether you should qualify and thus whether it's worth it to pursue challenging an unfavourable decision.

Hi, I thought i cannot get 'Pension Credit' as i will have my Inheritance in Bank ???? ....I need help with my actual Question, Ive looked at Rules and Means tested, and Saving allowed etc etc , Thanks ( I wont apply for P.I.P, as my score was so low )

MattMattMattUK

moneytree999 said:

Spoonie_Turtle said:

moneytree999 said:

poppy12345 said:

UC is a means tested benefit and that includes all the elements such as LCWRA so what you've heard is incorrect. For all means tested benefits when you have more than £16,000 in capital all of them stop completely. 

If you have any debts you can pay them off and your UC will not be affected. Other than that there's no other way around this situation. 

IF you're claiming New style ESA as well as UC then this isn't means tested so will not be affected by capital and payments will continue as normal. 

If you're not claiming the ESA have you worked at all the previous 2 tax years or have you just been claiming UC?

moneytree999 said:

I am due inheritance, Possibly £100,000 + ....I should be Over the Moon, but im dreading the day it goes into my bank ..I will have to stop claiming Benefits ( LCWRA + My Sheltered Housing Rent paid ) Therefore, my Inheritance will NOT last long .. Is there anyway around this problem ? Is there a way to keep getting my Benefits, and still have the £100,000 sitting in my bank ..Ive heard that as im on LCWRA, I can continue getting part of it £100 a week ( Even if i have large Inheritance in bank ) But ive no definate info on this .... Ive also heard about a 'Trust' as a way out, but i dont think this will suit me .. What are my options ? Thanks in Advance

 

I have been claiming ONLY LCWRA for about 3 years ... I havent claimed any other Benefit in this time period ( I did apply for PIP but declined as my points not high enough )

You claim UC which consists of different elements, including LCWRA.  Your UC statement will tell you which elements make up your award.  If you are not eligible to claim UC you cannot claim any individual element of it.

As you reach state pension age soon, you may be able to claim Pension Credit sooner than you'd have been able to reclaim UC.  You'd just have to do periodic benefit calculations based on your diminishing savings to work out when you can claim. 

If you disagree with the PIP decision you may be able to appeal if the decision was within 13 months ago, if not you can reapply but it's advisable to get help if you didn't last time because you need to know which descriptors apply to you, to know whether you should qualify and thus whether it's worth it to pursue challenging an unfavourable decision.

Hi, I thought i cannot get 'Pension Credit' as i will have my Inheritance in Bank ???? ....I need help with my actual Question, Ive looked at Rules and Means tested, and Saving allowed etc etc , Thanks ( I wont apply for P.I.P, as my score was so low )

The answer is no, if you have anything over £16k in the bank then you will not be able to claim UC or any of it's components.

moneytree999

MattMattMattUK said:

moneytree999 said:

Spoonie_Turtle said:

moneytree999 said:

poppy12345 said:

UC is a means tested benefit and that includes all the elements such as LCWRA so what you've heard is incorrect. For all means tested benefits when you have more than £16,000 in capital all of them stop completely. 

If you have any debts you can pay them off and your UC will not be affected. Other than that there's no other way around this situation. 

IF you're claiming New style ESA as well as UC then this isn't means tested so will not be affected by capital and payments will continue as normal. 

If you're not claiming the ESA have you worked at all the previous 2 tax years or have you just been claiming UC?

moneytree999 said:

I am due inheritance, Possibly £100,000 + ....I should be Over the Moon, but im dreading the day it goes into my bank ..I will have to stop claiming Benefits ( LCWRA + My Sheltered Housing Rent paid ) Therefore, my Inheritance will NOT last long .. Is there anyway around this problem ? Is there a way to keep getting my Benefits, and still have the £100,000 sitting in my bank ..Ive heard that as im on LCWRA, I can continue getting part of it £100 a week ( Even if i have large Inheritance in bank ) But ive no definate info on this .... Ive also heard about a 'Trust' as a way out, but i dont think this will suit me .. What are my options ? Thanks in Advance

 

I have been claiming ONLY LCWRA for about 3 years ... I havent claimed any other Benefit in this time period ( I did apply for PIP but declined as my points not high enough )

You claim UC which consists of different elements, including LCWRA.  Your UC statement will tell you which elements make up your award.  If you are not eligible to claim UC you cannot claim any individual element of it.

As you reach state pension age soon, you may be able to claim Pension Credit sooner than you'd have been able to reclaim UC.  You'd just have to do periodic benefit calculations based on your diminishing savings to work out when you can claim. 

If you disagree with the PIP decision you may be able to appeal if the decision was within 13 months ago, if not you can reapply but it's advisable to get help if you didn't last time because you need to know which descriptors apply to you, to know whether you should qualify and thus whether it's worth it to pursue challenging an unfavourable decision.

Hi, I thought i cannot get 'Pension Credit' as i will have my Inheritance in Bank ???? ....I need help with my actual Question, Ive looked at Rules and Means tested, and Saving allowed etc etc , Thanks ( I wont apply for P.I.P, as my score was so low )

The answer is no, if you have anything over £16k in the bank then you will not be able to claim UC or any of it's components.

Thanks for info, But i think your WRONG ..I rang a Benefits Helpline a few months ago, and i might still be able to claim LCWRA, if ive 2 years National Insurance from when i claim, and was told i can ( If I still qualify for LCWRA, when i am due my Inheritance ) I would get around £100 a week ..Im not sure if UC pay this or another benefit ... Ill ring all helplines when i am actually due Inheritance ..... I was hoping someone on this Forum could clarify what i was told

moneytree999

moneytree999 said:

MattMattMattUK said:

moneytree999 said:

Spoonie_Turtle said:

moneytree999 said:

poppy12345 said:

UC is a means tested benefit and that includes all the elements such as LCWRA so what you've heard is incorrect. For all means tested benefits when you have more than £16,000 in capital all of them stop completely. 

If you have any debts you can pay them off and your UC will not be affected. Other than that there's no other way around this situation. 

IF you're claiming New style ESA as well as UC then this isn't means tested so will not be affected by capital and payments will continue as normal. 

If you're not claiming the ESA have you worked at all the previous 2 tax years or have you just been claiming UC?

moneytree999 said:

I am due inheritance, Possibly £100,000 + ....I should be Over the Moon, but im dreading the day it goes into my bank ..I will have to stop claiming Benefits ( LCWRA + My Sheltered Housing Rent paid ) Therefore, my Inheritance will NOT last long .. Is there anyway around this problem ? Is there a way to keep getting my Benefits, and still have the £100,000 sitting in my bank ..Ive heard that as im on LCWRA, I can continue getting part of it £100 a week ( Even if i have large Inheritance in bank ) But ive no definate info on this .... Ive also heard about a 'Trust' as a way out, but i dont think this will suit me .. What are my options ? Thanks in Advance

 

I have been claiming ONLY LCWRA for about 3 years ... I havent claimed any other Benefit in this time period ( I did apply for PIP but declined as my points not high enough )

You claim UC which consists of different elements, including LCWRA.  Your UC statement will tell you which elements make up your award.  If you are not eligible to claim UC you cannot claim any individual element of it.

As you reach state pension age soon, you may be able to claim Pension Credit sooner than you'd have been able to reclaim UC.  You'd just have to do periodic benefit calculations based on your diminishing savings to work out when you can claim. 

If you disagree with the PIP decision you may be able to appeal if the decision was within 13 months ago, if not you can reapply but it's advisable to get help if you didn't last time because you need to know which descriptors apply to you, to know whether you should qualify and thus whether it's worth it to pursue challenging an unfavourable decision.

Hi, I thought i cannot get 'Pension Credit' as i will have my Inheritance in Bank ???? ....I need help with my actual Question, Ive looked at Rules and Means tested, and Saving allowed etc etc , Thanks ( I wont apply for P.I.P, as my score was so low )

The answer is no, if you have anything over £16k in the bank then you will not be able to claim UC or any of it's components.

Thanks for info, But i think your WRONG ..I rang a Benefits Helpline a few months ago, and i might still be able to claim LCWRA, if ive 2 years National Insurance from when i claim, and was told i can ( If I still qualify for LCWRA, when i am due my Inheritance ) I would get around £100 a week ..Im not sure if UC pay this or another benefit ... Ill ring all helplines when i am actually due Inheritance ..... I was hoping someone on this Forum could clarify what i was told

Footnote: I think the advisor might of mentioned i can get ESA or something ? ( Due to fact i am on LCWRA)... i didnt write down details, as i only enquired, but the time might be near that i am Due Inheritance

TELLIT01

I would never advise anybody who had received an inheritance, but had previously only had state benefits as income, to purchase their own property.  They would always have the maintenance costs to cover, even if they returned to benefits.  Far better to live on the inheritance until it drops below the upper limit for benefits and then make a new claim.  Stay in the rented property despite the rent being 'dead' money.  Look at the long term, no matter how much purchasing a property may appeal at the time.

I'm not clear when the idea that the money should last them at least 8 years comes from.  Rent alone will be several hundred pounds per month, plus rates, utilities before they start with living costs.  That all comes out of the inheritance.  They may still receive PIP or other not means tested benefits but that timescale would still be a stretch.

moneytree999

Further to my Question, I just dug out a few notes when i rang a Helpline ( Some Months ago )... My Inheritance wouldnt be affected, i was told .. and was advised i can apply for 'New Style ' ESA, and would received £138 a week ( Even if i have Inheritance in Bank ) as long as i have paid Class 1 ( National Insurance )  for last 2 years or something ( and i pass assessment for my current LCWRA ).. Can anyone expand on the vague details i have ? Thanks in Advance

huckster

New Style ESA is based on class 1 or class 2 National Insurance contributions record. At the moment it looks at the 2021/22 & 2022/23 tax years and next year after 5th January it looks at the 2022/23 & 2023/24 tax years.

So if you have NI record you could claim New Style ESA and they would add LCWRA (support group) to the claim and this would  be about £138 per week benefit, so would stop you eating into your inheritance as much.

Muttleythefrog

moneytree999 said:

Spoonie_Turtle said:

moneytree999 said:

poppy12345 said:

UC is a means tested benefit and that includes all the elements such as LCWRA so what you've heard is incorrect. For all means tested benefits when you have more than £16,000 in capital all of them stop completely. 

If you have any debts you can pay them off and your UC will not be affected. Other than that there's no other way around this situation. 

IF you're claiming New style ESA as well as UC then this isn't means tested so will not be affected by capital and payments will continue as normal. 

If you're not claiming the ESA have you worked at all the previous 2 tax years or have you just been claiming UC?

moneytree999 said:

I am due inheritance, Possibly £100,000 + ....I should be Over the Moon, but im dreading the day it goes into my bank ..I will have to stop claiming Benefits ( LCWRA + My Sheltered Housing Rent paid ) Therefore, my Inheritance will NOT last long .. Is there anyway around this problem ? Is there a way to keep getting my Benefits, and still have the £100,000 sitting in my bank ..Ive heard that as im on LCWRA, I can continue getting part of it £100 a week ( Even if i have large Inheritance in bank ) But ive no definate info on this .... Ive also heard about a 'Trust' as a way out, but i dont think this will suit me .. What are my options ? Thanks in Advance

 

I have been claiming ONLY LCWRA for about 3 years ... I havent claimed any other Benefit in this time period ( I did apply for PIP but declined as my points not high enough )

You claim UC which consists of different elements, including LCWRA.  Your UC statement will tell you which elements make up your award.  If you are not eligible to claim UC you cannot claim any individual element of it.

As you reach state pension age soon, you may be able to claim Pension Credit sooner than you'd have been able to reclaim UC.  You'd just have to do periodic benefit calculations based on your diminishing savings to work out when you can claim. 

If you disagree with the PIP decision you may be able to appeal if the decision was within 13 months ago, if not you can reapply but it's advisable to get help if you didn't last time because you need to know which descriptors apply to you, to know whether you should qualify and thus whether it's worth it to pursue challenging an unfavourable decision.

Hi, I thought i cannot get 'Pension Credit' as i will have my Inheritance in Bank ???? ....I need help with my actual Question, Ive looked at Rules and Means tested, and Saving allowed etc etc , Thanks ( I wont apply for P.I.P, as my score was so low )

People are giving you good advice but you need to stop playing a game of emotions here and stick with facts.
You said " £100,000 will last me 5 years if that ... I reach Pension Age in 6 years" which is why Spoonie advised as they did about pension credit as according to you it may be relevant in 6 years as you'll reach pension age with minimal savings and possibly low income.

You will lose all elements of UC but as advised if you've made sufficient relevant NI contributions in relevant 2 years then New Style ESA may well be an option since your LCWRA could be carried over to that (ESA and UC share the same work capability assessment).

Double check on PIP that you really should not qualify and pursue claim if you otherwise think you should. PIP and the Work Capability Assessment have very different criteria but in my mind those who get LCWRA are likely to have some significant disability or disabilities or risks sufficient to engage some activities of PIP in terms of difficulty... but of course everyone is unique and it is possible someone could get LCWRA and get few or no points across PIP activities.

Muttleythefrog

Newbie_John said:

Benefits should be for these who struggle financialy. Having £100k in a bank account defies the principle.

Many benefits are not means tested. Disability benefits (a former PM used to claim such for their severely disabled son) and contribution based benefits including state pension as examples. In this case NS ESA may be an option as advised... and PIP. So it is right that the Op is able to ask the question and get factual replies.

moneytree999

huckster said:

New Style ESA is based on class 1 or class 2 National Insurance contributions record. At the moment it looks at the 2021/22 & 2022/23 tax years and next year after 5th January it looks at the 2022/23 & 2023/24 tax years.

So if you have NI record you could claim New Style ESA and they would add LCWRA (support group) to the claim and this would  be about £138 per week benefit, so would stop you eating into your inheritance as much.

Thanks for this !