We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

UC, Occupational Pension, and Capital

13»

Comments

  • peteuk
    peteuk Posts: 2,078 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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.
    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. 
    Proud to have dealt with our debts
    Starting debt 2005 £65.7K.
    Current debt ZERO.
    DEBT FREE
  • NedS
    NedS Posts: 4,868 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    peteuk said:
    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.
    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. 
    See the Diminishing Notional Capital Rule in the ADM Chapter H1900 - H1902


    Our green credentials: 12kW Samsung ASHP for heating, 7.2kWp Solar (South facing), Tesla Powerwall 3 (13.5kWh), Net exporter
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture