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Contribution based esa and savings

twizzle1202

Hello ,
I hope your all having a good day !
I have gained interest on my savings due to inflation will this affect my csa and pip ! I know I will have to do a tax return stating so and pay tax on the interest received but does it affect the csa benefit ? Anyone know about this ?

Thanks for help in advance

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Comments

poppy123456

It will not affect your ESA or PIP because both are not means tested.

twizzle1202

Thanks poppy but I would have to do a tax return won’t I for the tax to be paid on the interest earnt ? And I wouldn’t have to inform dwp ?

twizzle1202

poppy123456 said:

It will not affect your ESA or PIP because both are not means tested.

Thanks poppy but I would have to do a tax return won’t I for the tax to be paid on the interest earnt ? And I wouldn’t have to inform dwp ?

poppy123456

I'm afraid i can't advise about any Tax returns. As i advised, you will not need to inform DWP about any interest in savings.

twizzle1202

poppy123456 said:

I'm afraid i can't advise about any Tax returns. As i advised, you will not need to inform DWP about any interest in savings.

Thanks again poppy ! I’ll ask accountant regarding tax returns . Just wanted advice regarding the interest on the savings ! Thank you .