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lcwra backdated

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2 years 5 months ago #265989 by diceman24
lcwra backdated was created by diceman24
hello all, can anyone please tell me if your awarded lcwra and once you get your backdated lcwra money on and this money takes you over the £6000 saving mark will u you get deducted on this money which has been awarded to you or can you have it for 1 year b4 any deduction has to be taken off thank you

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2 years 5 months ago #265993 by Gary
Replied by Gary on topic lcwra backdated
Hi diceman24

In some cases, this payment is not counted as savings for one year and will not affect your income related or means tested benefits during this time, such as UC.

However, where benefits have been underpaid because of:

* an official error
* an error on point of law

Any payments over £5,000 can be disregarded for the length of the claim or until the award ends.

I know many claimants who receive a large backdate set up funeral plans. You can do what ever with your savings as you please, but remember DWP could treat your spending as Notional Capital.

Deprivation of capital is when you knowingly reduce or transfer elsewhere your savings or other capital to get, or increase your award of Universal Credit, so keep receipts of anything you spend your savings on.

Gary

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