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Universal credit: refusing legacy = deprivation of capital?
Comments
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I honestly can't see why you would want to anyway. You get a gift of £20,000, you live on it until its gone, you then claim UC again. During the time you are living on your own money you have no obligations to provide endless proofs to the UC department and are free to live as you like plus you are saving money for the taxpayer3
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So you just fritter the 20k , When you could just claim UC and someone else could have the 20k. More finacial sense the later.FlorayG said:I honestly can't see why you would want to anyway. You get a gift of £20,000, you live on it until its gone, you then claim UC again. During the time you are living on your own money you have no obligations to provide endless proofs to the UC department and are free to live as you like plus you are saving money for the taxpayer0 -
You could also use it to pay off debts, replace old white goods in your home, have a nice holiday that you previously could not afford. Seems a dumb choice to refuse it especially as is still has the same impact on your benefits.FlorayG said:I honestly can't see why you would want to anyway. You get a gift of £20,000, you live on it until its gone, you then claim UC again. During the time you are living on your own money you have no obligations to provide endless proofs to the UC department and are free to live as you like plus you are saving money for the taxpayer5 -
How is using money to live on and meet your basic needs frittering it away?justwhat said:
So you just fritter the 20k , When you could just claim UC and someone else could have the 20k. More finacial sense the later.FlorayG said:I honestly can't see why you would want to anyway. You get a gift of £20,000, you live on it until its gone, you then claim UC again. During the time you are living on your own money you have no obligations to provide endless proofs to the UC department and are free to live as you like plus you are saving money for the taxpayer
I object to my taxes being used to pay for people who could be supporting themselves just so that someone else can get the unearned windfall.All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.16 -
This is not clear cut.
Deed of variation is not "always" DOC.
"Someone else contesting the Will /Inheratance and loosing the 20k is not DOC"
Its a grey area.
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Seems very clear cut case... the intent would be to gain (or not lose) benefits as they have stated... they could of course try to lie about that. "because they want to remain on Universal Credit"justwhat said:This is not clear cut.
Deed of variation is not "always" DOC.
"Someone else contesting the Will /Inheratance and loosing the 20k is not DOC"
Its a grey area."Do not attribute to conspiracy what can adequately be explained by incompetence" - rogerblack0 -
Well said elsienelsien said:
How is using money to live on and meet your basic needs frittering it away?justwhat said:
So you just fritter the 20k , When you could just claim UC and someone else could have the 20k. More finacial sense the later.FlorayG said:I honestly can't see why you would want to anyway. You get a gift of £20,000, you live on it until its gone, you then claim UC again. During the time you are living on your own money you have no obligations to provide endless proofs to the UC department and are free to live as you like plus you are saving money for the taxpayer
I object to my taxes being used to pay for people who could be supporting themselves just so that someone else can get the unearned windfall.Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.phpFor free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.4 -
Well Said .... i object to alot of things also. Unfortunatly thats life. (I object to people avoiding 40% tax and peeps that defer large pensions, but thats all within the law)elsien said:
How is using money to live on and meet your basic needs frittering it away?justwhat said:
So you just fritter the 20k , When you could just claim UC and someone else could have the 20k. More finacial sense the later.FlorayG said:I honestly can't see why you would want to anyway. You get a gift of £20,000, you live on it until its gone, you then claim UC again. During the time you are living on your own money you have no obligations to provide endless proofs to the UC department and are free to live as you like plus you are saving money for the taxpayer
I object to my taxes being used to pay for people who could be supporting themselves just so that someone else can get the unearned windfall.
I would say its frittering, if you are forced into using it for something you do not want to/have to use it on or is used needlesly.
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This would probably be your best bet for disposing of the money. All allowed within the rules and if you get rid of it all, you will still have a viable UC claim. (as long as its not excesive in the eyes of UC). The holiday if excesive may be an issue.Keep_pedalling said:
You could also use it to pay off debts, replace old white goods in your home, have a nice holiday that you previously could not afford. Seems a dumb choice to refuse it especially as is still has the same impact on your benefits.FlorayG said:I honestly can't see why you would want to anyway. You get a gift of £20,000, you live on it until its gone, you then claim UC again. During the time you are living on your own money you have no obligations to provide endless proofs to the UC department and are free to live as you like plus you are saving money for the taxpayer0 -
It's not used needlessly though, if it's used for food and housing and bills??justwhat said:
Well Said .... i object to alot of things also. Unfortunatly thats life. (I object to people avoiding 40% tax and peeps that defer large pensions, but thats all within the law)elsien said:
How is using money to live on and meet your basic needs frittering it away?justwhat said:
So you just fritter the 20k , When you could just claim UC and someone else could have the 20k. More finacial sense the later.FlorayG said:I honestly can't see why you would want to anyway. You get a gift of £20,000, you live on it until its gone, you then claim UC again. During the time you are living on your own money you have no obligations to provide endless proofs to the UC department and are free to live as you like plus you are saving money for the taxpayer
I object to my taxes being used to pay for people who could be supporting themselves just so that someone else can get the unearned windfall.
I would say its frittering, if you are forced into using it for something you do not want to/have to use it on or is used needlesly.Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.phpFor free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.4
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