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Claiming ESA with savings

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8 years 6 months ago - 8 years 6 months ago #143040 by Pam
Claiming ESA with savings was created by Pam
Hi
Do you know the maximum amount of savings you are allowed while claiming ESA ?
Many thanks
Last edit: 8 years 6 months ago by slugsta.

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8 years 6 months ago - 8 years 6 months ago #143049 by slugsta
Replied by slugsta on topic Claiming ESA with savings
Hi Pam,

If you are on contributory ESA there is no limit to the savings you can hold.

If you are on income-related ESA, your maximum savings/assets is £16,000 although payment would be reduced, pro rata, before this. IR ESA is also dependent on income of, and hours worked by, any partner who lives with you.

Asset rule for ESA(IR)

Nothing on this board constitutes legal advice - always consult a professional about specific problems
Last edit: 8 years 6 months ago by Gordon. Reason: corrected savings amount

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