Pip lump sum — Scope | Disability forum
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Pip lump sum

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letitbe
letitbe Community member Posts: 282 Pioneering
Hi everyone , I received a large pip lump sum and together with the bit of savings I already had it has take me to almost 8k  , I know  the lump sum is disregarded for 12 months but I was advised to put on my UC journal so I won’t have any problems in future. Is this best thing to do ?  Also if I want to spend everything in my account would I get into trouble ? I’m not going to do this just want to know . Thanks 

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  • poppy123456
    poppy123456 Community member Posts: 54,290 Disability Gamechanger
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    You do not need to report the money that you received from your recent PIP claim because it's disregarded. Once you reach the 1 year from the date you received the lump sum and your total capital is more than £6,000 then you will need to report it. 

    You will not get into trouble for spending your savings. 
    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.
  • letitbe
    letitbe Community member Posts: 282 Pioneering
    Options
    You do not need to report the money that you received from your recent PIP claim because it's disregarded. Once you reach the 1 year from the date you received the lump sum and your total capital is more than £6,000 then you will need to report it. 

    You will not get into trouble for spending your savings. 
    Ok thanks Poppy . Should I tell them I’ve been awarded pip though  ? 
    Also , the  pip payments I’m going to get every month I’d really like to save some of it so eventually this will take my savings ( what I had before lump sum ) over the 6k , and because it will be increasing every month will I need to report every month on my journal ? 
  • poppy123456
    poppy123456 Community member Posts: 54,290 Disability Gamechanger
    Options
    You only need to tell UC if the PIP award changes what you're entitled to for UC. Any money that you have left from your PIP or UC payments will be taken into consideration as capital at the end of the next assessment period after you received the payments.

    You need to report the changes for every £250 or part thereof, over that amount. Do also bear in mind that all the cost of living payments are disregarded indefinitely. 
    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.
  • letitbe
    letitbe Community member Posts: 282 Pioneering
    Options
    You only need to tell UC if the PIP award changes what you're entitled to for UC. Any money that you have left from your PIP or UC payments will be taken into consideration as capital at the end of the next assessment period after you received the payments.

    You need to report the changes for every £250 or part thereof, over that amount. Do also bear in mind that all the cost of living payments are disregarded indefinitely. 
    Thanks poppy I forgot about col payments. The pip money has really stressed me out and I wish they didn’t give me it. I’m not being ungrateful but it’s caused me so much anxiety. I think I need some help to manage it. 

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