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Backdated PIP and I am on ESA contribution based

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ilovepink97
ilovepink97 Community member Posts: 26 Listener
Hi guys, 

please help me. 
I recieved a backdated payment of 10k and I was wondering if I save it will it affect whether I receive my ESA contribution based ( I no longer have the 365 day time limit because I’m in the support group) 

I also wanted to save my PIP so save 10k of backdated payment and save my PIP payments is it possible? 

And do UK banks tax our savings? 


Comments

  • calcotti
    calcotti Community member Posts: 10,010 Disability Gamechanger
    edited July 2023
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    Savings have no impact on new style ESA (it is what I assume you refer to). It is not means tested.

    PIP is not means tested either.
    Information I post is for England unless otherwise stated. Rules may be different in other parts of UK.
  • ilovepink97
    ilovepink97 Community member Posts: 26 Listener
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    hi calcotti, thanks for ur reply :) am I allowed to save my pip allowance? yes I'm referring to new style ESA it was awarded because of my NI contributions and I am in a support group so will be receiving until I enter work again
  • poppy123456
    poppy123456 Community member Posts: 57,250 Disability Gamechanger
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    You can do what you want with your money, which includes saving it. As advised your ESA isn't means tested so savings/capital do not affect the amount you're entitled to.
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
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