Login FormClose

Free, fortnightly PIP, ESA and UC Updates

Over 80,000 claimants and professionals subscribe to the UK's leading source of benefits news.

 
Welcome, Guest
Username: Password:
Remember me
Members
  • Page:
  • 1
  • 2

TOPIC:

Gill1961 6 years 9 months ago #120871

  • Gordon
  • Away
  • Posts: 49333
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

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

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

Gill1961 6 years 9 months ago #120873

  • Gillian
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,

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

Last edit: by bro58.

Gill1961 6 years 9 months ago #120877

  • bro58

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

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

Last edit: by bro58.

Gill1961 6 years 9 months ago #120881

  • bro58
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

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

Last edit: by bro58.
  • Page:
  • 1
  • 2
Moderators: bro58GaryBISCatherine