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SAVING FOR A CAR

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sorrysight
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13 years 8 months ago - 13 years 8 months ago #49862 by sorrysight

SAVING FOR A CAR was created by sorrysight

Hi, Because benefits such as Housing Benefit are means tested, and I receive HB along with non means tested HRC HRM DLA can I not save for a car out of my DLA to the sum of say £7000. I think that £6000 takes me over the limit for HB and Guaranteed Pension Credit that I also receive.....Thanks in advance

Mod edit: moved to questions forum

Last edit: 13 years 8 months ago by cdcdi1911.

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cdcdi1911
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13 years 8 months ago #49873 by cdcdi1911

Replied by cdcdi1911 on topic Re:SAVING FOR A CAR

Hi Sorrysight

If you save £7000 you would have to inform Housing Benefit when your savings reach £6000. That won't stop your housing benefit altogether. You just have £1 of HB deducted for every £250 you have above £6000.

It's probably best to seek advice though, as there could be changes in the future.

Derek

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