Would this be classed as deprivation of capital?

LawrenceMPA · 24 February 2019 at 2:22AM

I posted another thread regarding an approx 120k inheritance money. I currently live in a council flat and would plan on spending it on buying a flat outright. I do have a girlfriend atm so I would either buy with her and seek a job in the mean time or buy one for myself and seek a job anyway. Would this be classed as deprivation of capital as someone on my other thread suggested? Would they simply cut my benefits or would there be a fine/charge with this?

WhenIam64 · 24 February 2019 at 6:47AM

Have a word with the DWP office and explain your plans before you make a final decision.

huckster · 24 February 2019 at 10:11AM

If you are currently on benefits, when you receive the inheritance monies, you will have to advise the benefit departments you are receiving benefit money from.

They will count the inheritance you receive as capital and the amount may stop you receiving any benefit monies due.

So if you don't want to be living off the inheritance money seeing it reduce and stop you having enough to buy a home, then yes finding a job so you can have enough money to pay for day to day living costs would be sensible.

Do not be tempted to not advise DWP or council housing benefits about the inheritance money. If you fail to advise DWP or Council, then any benefit money you wrongly receive could be seen as fraudulently obtained. The consequences could be devastating and stop you being able to move forward with your life as you are wanting to do. I am not saying that you have given any indication of looking to do this, but we have all read of cases in the newspapers where people have done this.

Would this be classed as deprivation of capital?

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free