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 		 			 	 						14 years 11 months ago				#38079 		by ste. 	  	 		 			 	    			 			 		 													
 	 				Assets was created by ste.			
  			 				I receive IB+Dla Lower rate &IIB and i have filled a claim form for change of circumstances, because my disability in my opinion and that of the doctor &psychotherapist is getting worse,the question i want to find out about is do i lose all of my benefits if i have a certain ammount of assests and is there anything i can do to help me keep my very hard earned benefits,The assests are from a house sale through separation/divorce,i would be greatful for any advice espesially from someone who has been through a similar situation			
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- Gordon
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 			 	 						14 years 11 months ago				#38098 		by Gordon 	  	 		 			 					
Nothing on this board constitutes legal advice - always consult a professional about specific problems 					 	    			 			 		 													
 	 				Replied by Gordon on topic Re:Assets			
  			 				Up to date details of the IB to ESA migration are available on the following site.
 
www.disabilityalliance.org/ibmigrate.htm
 
If you have any further questions, please come back to the Forum.
 
Gordon
  							www.disabilityalliance.org/ibmigrate.htm
If you have any further questions, please come back to the Forum.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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- Survivor
 
 			 	 						14 years 11 months ago				#38154 		by Survivor 	  	 		 			 	    			 			 		 													
 	 				Replied by Survivor on topic Re:Assets			
  			 				Just to add to what Gordon said, IB and DLA aren't means-tested, so it doesn't matter how much capital you have.
 
Under the current rules, if you are on a means-tested benefit such as ESA(IR), then if you have capital over £6000, your benefits will be reduced by £1/week for every £250. If you have over £16000 in capital, you will get no means-tested benefits at all.
 
At some point if you are currently on IB, you will be migrated to ESA, which at some point will be means-tested after a year. The migrations from IB to ESA are expected to begin early next year, and the one year limit on contributions-based ESA is expected to be some time after 2012. For details, see the link Gordon has given you.
 
Nothing is set in stone yet because the government needs to bring in some legal changes to make this all happen.
  					Under the current rules, if you are on a means-tested benefit such as ESA(IR), then if you have capital over £6000, your benefits will be reduced by £1/week for every £250. If you have over £16000 in capital, you will get no means-tested benefits at all.
At some point if you are currently on IB, you will be migrated to ESA, which at some point will be means-tested after a year. The migrations from IB to ESA are expected to begin early next year, and the one year limit on contributions-based ESA is expected to be some time after 2012. For details, see the link Gordon has given you.
Nothing is set in stone yet because the government needs to bring in some legal changes to make this all happen.
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