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

Suzycoll

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

 

So you will have £100,000

May I ask why you would want to claim benefits?

Spoonie_Turtle

Suzycoll 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

 

So you will have £100,000

May I ask why you would want to claim benefits?

Per the sticky on this board, it's about eligibility not judgement https://forums.moneysavingexpert.com/discussion/365935/its-about-helping-people-get-their-entitlement-not-about-benefits-policy

poppy12345

Suzycoll 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

 

So you will have £100,000

May I ask why you would want to claim benefits?

You quoted the wrong comment. I don't have £100,000 (I wish) 

No all benefits are means tested, there's disability benefits such as PIP/ADP/DLA and AA. Not forgetting benefits such as New style ESA and the old contributions based ESA for those that still claim this. 

Muttleythefrog

Suzycoll said:

So you will have £100,000

May I ask why you would want to claim benefits?

If you include state pension then most benefits are not means tested... but even if you don't then things like contribution based benefits for working age and disability and to some degree carer benefits also not means tested. It may surprise you to learn a fairly recent Prime Minister claimed benefits for his son (as he was entitled to do) until that son died tragically early in life... that person today has net worth around £30 million.

The board is about entitlement not benefit policy debate or moral dilemmas... the latter could be endless.. why does someone earning £100,000 a year need a company car or free NHS treatment.