Over £16k, very worried, looking for advice please
Comments
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@Morgan_Scope Hello. When you were talking about decreasing capital amounts over the capital limit is this what you meant https://www.gov.uk/government/publications/benefit-overpayment-recovery-staff-guide/benefit-overpayment-recovery-guide
Chapter 3.31 covers Diminution of capital.
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That's a great find @ashmere, thank you.
@munchpump, section 3.31 of the above link might be of interest to you and your situation. I've copied a portion of it below:
"3.33. Where a claimant receiving an income related benefit has capital of £1 or more over the prescribed limit, their entitlement ceases from the day that the capital goes over the limit. If the claimant had been receiving benefit for a length of time and the limit had been exceeded by a small amount near the start of the claim, it would be unfair to expect the claimant to repay the whole amount of benefit paid. If the capital had been properly taken into account from the day it exceeded the limit, it would, over time, potentially have reduced to below the limit in order to provide for living expenses."
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