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SUPPORTED PERMITTED WORK AND THE £16,000 SAVINGS L
- Juderetski
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4 years 8 months ago #236426 by Juderetski
SUPPORTED PERMITTED WORK AND THE £16,000 SAVINGS L was created by Juderetski
When DWP calculate your savings do they include money earned from Supported Permitted Work? I know it is disregarded but what if it accumulates in an account? Are you supposed to spend the money?
For example, I read in the Disability Rights Handbook that although PIP is disregarded if you save it up, say for a wheelchair, it can be counted as capital… Is it the same PW or SPW?
Thanks.
For example, I read in the Disability Rights Handbook that although PIP is disregarded if you save it up, say for a wheelchair, it can be counted as capital… Is it the same PW or SPW?
Thanks.
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- Gary
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4 years 8 months ago #236435 by Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gary on topic SUPPORTED PERMITTED WORK AND THE £16,000 SAVINGS L
Hi Waxi
Capital includes savings, investments, some lump-sum payments and the value of property and land(but if you own the home you live in, the value of your home, garden, garage and outbuildings is not taken into account). Certain types of capital can be disregarded such as money set aside for special purposes such as proceeds of the sale of your former home if you intend to use this to buy another home, compensation for personal injury if it is held in trust, benefir arrears paid in the last 12 months. If you are self employed , any assets used wholly or mainly for your business are disregarded.
It would make no difference PW or SPW, if you are of working age and have savings over £6k then your means tested benefits may be affected, (tariff income).
Gary
Capital includes savings, investments, some lump-sum payments and the value of property and land(but if you own the home you live in, the value of your home, garden, garage and outbuildings is not taken into account). Certain types of capital can be disregarded such as money set aside for special purposes such as proceeds of the sale of your former home if you intend to use this to buy another home, compensation for personal injury if it is held in trust, benefir arrears paid in the last 12 months. If you are self employed , any assets used wholly or mainly for your business are disregarded.
It would make no difference PW or SPW, if you are of working age and have savings over £6k then your means tested benefits may be affected, (tariff income).
Gary
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- Juderetski
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4 years 8 months ago #236466 by Juderetski
Replied by Juderetski on topic SUPPORTED PERMITTED WORK AND THE £16,000 SAVINGS L
Thank you. I am not in receipt of any income related benefit at the moment, just CB-ESA and PIP as have savings over £16,000. But that would reduce in time and I just wanted to know if the permitted work/SPW money counts. Looks like it would.
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- Gary
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4 years 8 months ago #236501 by Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gary on topic SUPPORTED PERMITTED WORK AND THE £16,000 SAVINGS L
Hi waxl
If you saved the PW/SPW money then it would go into the savings pot. If you have savings over £16k then you would not be able to claim SDP.
Gary
If you saved the PW/SPW money then it would go into the savings pot. If you have savings over £16k then you would not be able to claim SDP.
Gary
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