× Members

SAVING FOR A CAR

  • sorrysight
  • Topic Author
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.

Please Log in or Create an account to join the conversation.

More
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

Please Log in or Create an account to join the conversation.

Moderators: GordonGaryBISCatherineWendyKellygreekqueenpeterKatherineSuper UserChrisDavid