Is an Investment Bond a capital disregard?

Hi there,

Before I make my ESA claim and decide which route to take ESA(C) or ESA(IR) I am trying to get information as to whether or not an investment bond would be a capital disregard?

The information provided by direct gov is ambiguous, and I have tried to clarify this with Job Centre Plus, DWP, The Benefits Agency, and no-body knows! I have also spoken to the technical helplines of several life companies, none of which can give me an answer! The best that any of the government agencies can offer me is ‘why don’t you go to the CAB?’

I know the CAB do great work but will they really have this level of expertise on hand?

Any help and guidance would be welcome.

Thanks

JK

JK wrote:

Hi there,

Before I make my ESA claim and decide which route to take ESA(C) or ESA(IR) I am trying to get information as to whether or not an investment bond would be a capital disregard?

The information provided by direct gov is ambiguous, and I have tried to clarify this with Job Centre Plus, DWP, The Benefits Agency, and no-body knows! I have also spoken to the technical helplines of several life companies, none of which can give me an answer! The best that any of the government agencies can offer me is ‘why don’t you go to the CAB?’

I know the CAB do great work but will they really have this level of expertise on hand?

Any help and guidance would be welcome.

Thanks

JK

Hi JK,

The issue of receving IR ESA or Contributary ESA is not a matter of choice.

A claimant simply makes a claim of ESA, and if it is awarded they will receive either IR ESA or CESA, or both, depending on their NI Contributions, and personal circumstances.

As for capital you would have to declare any capital if you were entitled IR ESA, and had to pass a means test.

IF you need specific personal advice, it may be best to seek face to face advice, as in The CAB, see :

Where to get advice?

See also :
12 Month Limit for ESA(CB)

The Welfare Reform Bill 2011

Asset rule for ESA(IR)

24 hour work rule for ESA(IR)

You will find lots more useful information in our : FAQ’s

You can access all our ESA Claims Guides from here :
ESA Guides

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