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Deprivation of Capital, Pip award
- Helen
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5 years 3 months ago #243690 by Helen
Deprivation of Capital, Pip award was created by Helen
Hello
Looking for some advice with regard to the deprivation of capital. I recently won my pip tribunal after nearly a 2 year wait, due in part to the very good guides you have on this site (thank you so much). I was awarded a backdated sum of over £7,500. I understand that this is not counted for 1 year. I have no other savings or capital. I had approx £500 in my current account at the time of the award.
I will obviously be spending a fair amount of this award so it is very likely to be well under the £6,000 lower limit after a year.
1. Do I need to inform the DWP after 1 year of this award, even though they are the ones that issued the backdated payment?
2. Do I need to provide proof ie bank statements, receipts etc?
3. As it will most likely be well under the lower limit of £6,000 after a year, do I need to contact them at all?
Thank you for all your help and assistance.
Looking for some advice with regard to the deprivation of capital. I recently won my pip tribunal after nearly a 2 year wait, due in part to the very good guides you have on this site (thank you so much). I was awarded a backdated sum of over £7,500. I understand that this is not counted for 1 year. I have no other savings or capital. I had approx £500 in my current account at the time of the award.
I will obviously be spending a fair amount of this award so it is very likely to be well under the £6,000 lower limit after a year.
1. Do I need to inform the DWP after 1 year of this award, even though they are the ones that issued the backdated payment?
2. Do I need to provide proof ie bank statements, receipts etc?
3. As it will most likely be well under the lower limit of £6,000 after a year, do I need to contact them at all?
Thank you for all your help and assistance.
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- Gary
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5 years 3 months ago #243697 by Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gary on topic Deprivation of Capital, Pip award
Hi Helen
You only need to inform DWP if your capital goes over £6k if you are under SP age, as you have stated your backdated award is not counted for the first year, all I would say is that if you have some large expenses just keep the receipts just in case DWP may ask what you spent your money on, but I cannot see it being a problem.
Gordon did cover this in a post last year: #227797
'Whilst there are some black and white rules on capital most of it comes under the opinion of a Decision Maker on the day.
The following is the relevant chapter from the Decision Makers Guide
assets.publishing.service.gov.uk/governm...e/832026/dmgch52.pdf
Paragraphs 52748 and 52749 cover Notional Capital, as you can see they are of little help.'
If you have any issues, then please come back to the forum.
Gary
You only need to inform DWP if your capital goes over £6k if you are under SP age, as you have stated your backdated award is not counted for the first year, all I would say is that if you have some large expenses just keep the receipts just in case DWP may ask what you spent your money on, but I cannot see it being a problem.
Gordon did cover this in a post last year: #227797
'Whilst there are some black and white rules on capital most of it comes under the opinion of a Decision Maker on the day.
The following is the relevant chapter from the Decision Makers Guide
assets.publishing.service.gov.uk/governm...e/832026/dmgch52.pdf
Paragraphs 52748 and 52749 cover Notional Capital, as you can see they are of little help.'
If you have any issues, then please come back to the forum.
Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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- Helen
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5 years 3 months ago #243702 by Helen
Replied by Helen on topic Deprivation of Capital, Pip award
Hi
Thank you for the fast reply. I have tried to find #227797 but I cannot find it. Could you tell me how to search for it on here please? I put the number in the search box but only this post came up.
Thank you
Thank you for the fast reply. I have tried to find #227797 but I cannot find it. Could you tell me how to search for it on here please? I put the number in the search box but only this post came up.
Thank you
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- Helen
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5 years 3 months ago #243725 by Helen
Replied by Helen on topic Deprivation of Capital, Pip award
Thank you for your fast reply. So to clarify, if after a year it is under £6000, I don’t need to contact them? I just don’t want to get into any trouble.
Thanks
Thanks
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- Gary
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5 years 3 months ago #243735 by Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gary on topic Deprivation of Capital, Pip award
Hi Helen
It did take me a while to find it, here is the link:
www.benefitsandwork.co.uk/forum1/10-dla-...ional-capital#227777
Gary
It did take me a while to find it, here is the link:
www.benefitsandwork.co.uk/forum1/10-dla-...ional-capital#227777
Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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- Gary
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5 years 3 months ago #243736 by Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gary on topic Deprivation of Capital, Pip award
Hi Helen
You are correct, if your capital is below £6,000 then you do not need to inform either DWP or your LA if you receive any means tested benefits of your savings unless you have to make a new application in which case you have to declare any capital you may have.
If you are below SP age and have savings between £6,000 and £16,000 then for every £250 you loose £1.00 in tariff income, if you are of SP age then for every £500 over £10,000 you loose £1.00 in tariff income.
Gary
You are correct, if your capital is below £6,000 then you do not need to inform either DWP or your LA if you receive any means tested benefits of your savings unless you have to make a new application in which case you have to declare any capital you may have.
If you are below SP age and have savings between £6,000 and £16,000 then for every £250 you loose £1.00 in tariff income, if you are of SP age then for every £500 over £10,000 you loose £1.00 in tariff income.
Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
The following user(s) said Thank You: Helen
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