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benefits and small inheritance

debby
debby Posts: 76 Forumite
Part of the Furniture Combo Breaker
in Benefits & tax credits
How will an inheritance of £10k effect my husbands JSA!? We dont know what we plan to do with the money, we are thinking of an ISA with £3k of it. We dont have the money right now, probably next week, but we dont know what to do with it.
Thankyou :confused:
DEBBY :j

Comments

  • pinkrach001
    pinkrach001 Posts: 20 Forumite
    He should still be able to claim but you will have to declare it, if you dont and it is found out then you could be in trouble!!
    dont think the payments will be affected, but im really not sure on this bit - best to contact jobcentre on this one!! :)

    hope this is of some help?! sorry not more!!!!

    rach x
  • dmg24
    dmg24 Posts: 33,920 Forumite
    10,000 Posts
    Is he claiming contributions based JSA, or income based?

    If contributions based, it will not affect his payments. If he is claiming income based JSA, it may affect his payments.

    Either way you need to tell them x
    Gone ... or have I?
  • debby
    debby Posts: 76 Forumite
    Part of the Furniture Combo Breaker
    yeah its income based. He has just had 2 jobs both were only 3 month contracts unfortunately. So we are back to job hunting.
    Thanks
    DEBBY :j
  • debby
    debby Posts: 76 Forumite
    Part of the Furniture Combo Breaker
    Got that wrong, my husband has just told me its contribution based for 6 months!
    DEBBY :j
  • real1314
    real1314 Posts: 4,432 Forumite
    debby wrote: »
    Got that wrong, my husband has just told me its contribution based for 6 months!

    No effect on it then. Cont based is not means tested.
  • dippy3103
    dippy3103 Posts: 1,963 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    But if you are getting HB/CTB then you need to tell the council as (some of it) will be taken into account for those purposes.
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