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UC, Occupational Pension, and Capital
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Your welcome and hopefully its put it in a different light. If UC decide it is DOC then UC will work out how long it will take her to use the £6K and then stop adding it to her capital. For instance if she has £15K now and they decide she should have the £6K then her capital will be £21K (obvious I know) but they will work out how long it will take her to use that £6K. Im not 100% on how this works out, but hopefully someone who knows will help.ThriftyAberdeen said:Also genuinely thanks for your views Pete, it’s a fresh perspective which I’m always welcome of. Just trying to do right by her.Proud to have dealt with our debtsStarting debt 2005 £65.7K.
Current debt ZERO.DEBT FREE0 -
peteuk said:
Your welcome and hopefully its put it in a different light. If UC decide it is DOC then UC will work out how long it will take her to use the £6K and then stop adding it to her capital. For instance if she has £15K now and they decide she should have the £6K then her capital will be £21K (obvious I know) but they will work out how long it will take her to use that £6K. Im not 100% on how this works out, but hopefully someone who knows will help.ThriftyAberdeen said:Also genuinely thanks for your views Pete, it’s a fresh perspective which I’m always welcome of. Just trying to do right by her.See the Diminishing Notional Capital Rule in the ADM Chapter H1900 - H1902
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