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Gill1961

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9 years 10 months ago #120871 by Gordon
Replied by Gordon on topic Gill1961
Gillian

I would expect your ISAs will be treated as capital, so any overpayment will depend on what you total assets and savings are/were (including the ISAs).

Any amount over £6000 will result in a £1/week deduction for every £250, so the £9000 on its own will result in £12/week (£9000 - £6000 = £3000 / £250 = £12).

If your assets and savings exceed £16,000 then you lose entitlement to ESA completely.

Gordon

Nothing on this board constitutes legal advice - always consult a professional about specific problems

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  • Gillian
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9 years 10 months ago - 9 years 10 months ago #120873 by Gillian
Replied by Gillian on topic Gill1961
thanks Gordon for that info,every penny I have is in my isa,s,as I own my own house these are my insurance,because while I was working I was very fortunate to pay for a property,so when my health forced me out of work this is why I got the isa,s,
Last edit: 9 years 10 months ago by bro58.

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  • bro58
9 years 10 months ago - 9 years 10 months ago #120877 by bro58
Replied by bro58 on topic Gill1961

Gillian wrote: thanks Gordon for that info,every penny I have is in my isa,s,as I own my own house these are my insurance,because while I was working I was very fortunate to pay for a property,so when my health forced me out of work this is why I got the isa,s,


Hi G,

This is why it is always advisable to only volunteer information pertinent to the questions asked in a Compliance Interview, otherwise, as you say, you may have the wrong assumption with regards to the reasons for the interview. :)

I may be stating the obvious here, but any capital, assets and savings that you have, are only pertinent if any part of the ESA payed to you is Income Related (IR) ESA.

There are no limits regarding the above if you are in receipt of Contribution Based (CB) ESA only.

bro58
Last edit: 9 years 10 months ago by bro58.

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  • bro58
9 years 10 months ago - 9 years 10 months ago #120881 by bro58
Replied by bro58 on topic Gill1961
Hi G,

The reason for my comments Re : CB ESA and IR ESA is this extract from your post :

"I was transferred to esa from ib"

If you were previously in receipt of IB only, with no Income Support top ups, and your circumstances have not changed, then you would have been paid CB ESA only on being transferred :

What will I be transferred to?

If this is indeed the case, as previously stated, there are no limits with regards to capital, assets and savings if in receipt of CB ESA only.

I know that this would mean that the DWP have made a "cock up", but that is certainly not beyond the realms.

Of course, please disregard this if any part of your ESA is IR ESA.

bro58
Last edit: 9 years 10 months ago by bro58.

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