Backpayment for lcwra, did I need to report it?

Westerneye
Westerneye Community Member Posts: 6 Listener

Hi everyone my partner received a back payment for lcwra. They wrote on our journal they they owe us this amount and would we like to be paid in full

it took my savings above 6k but i was well below 6k by the end of my assessment period.

Am I correct in thinking i only have to report the change on whichever month I’m over 6k on the last day of my assessment period?

Comments

  • Kimi87
    Kimi87 Community Member Posts: 9,159 Championing
    edited October 22

    You are correct, but backdated benefits don't count as capital for 12 months.

    After 12 months, anything unspent would be included in calculation of your capital.