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Disregarding capital from Insurance payout

gtanvir
gtanvir Posts: 11 Forumite
First Anniversary Name Dropper First Post
in Benefits & tax credits
Hi

I received an amount of £7.5k due to my car being totaled. As far as I understand this money is to be disregarded as capital at least for six months. 

How do I report it? I have already £9k+ capital. Should I report the total and tell them what to disregard? 

Or I should just report £9k? 

Thanks

Comments

  • marcia_
    marcia_ Posts: 3,600 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    gtanvir said:
    Hi

    I received an amount of £7.5k due to my car being totaled. As far as I understand this money is to be disregarded as capital at least for six months. 

    How do I report it? I have already £9k+ capital. Should I report the total and tell them what to disregard? 

    Or I should just report £9k? 

    Thanks
     Is this for personal injury or the car? 
  • huckster
    huckster Posts: 5,385 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You report the total and then ask for disregard to be applied.
    The comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.
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