Donate SIGN UP

Benefits and Savings

Avatar Image
bestmum | 17:53 Fri 19th Feb 2010 | Personal Finance
1 Answers
My husband has an opportunity to take a early pension, which includes a lump sum. How will this affect any benefits I am claiming. Does DWP treat money in a current account as savings?
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by bestmum. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
yes, any money you have access to is counted as capital for benefits purposes. and now it depends what benefits you're receiving. you should declare all capital for means tested benefits, anything over £6k may well start to reduce your entitlement.

Only 1 answerrss feed

Do you know the answer?

Benefits and Savings

Answer Question >>